Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
My current status is: Non-resident for tax purposes, I have accrued some tax credits.
I will be moving back to Australia and have already lined up a job for when I return. Can I apply my tax credits to my withholding tax or do I need to wait until the end of the financial year and use the credit to offset my income tax.