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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.
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Tax account

This post is archived and may not be up-to-date.

Newbie

Views 1797

Replies 2

Hii
Tax shows
Processed date 8/08/19
Effective date 13/08/19
Debit (dr) $$xxxx
Balance $0.00
But then also shows another one saying
Processed date 5/8/19
Effective date 13/08/19
Credit (cr) $$xxxx
Balance $$xxx cr

What does it mean do i have a debt or not
1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Certified Response

Community Manager

Replies 0

Hi @Amandaash,

 

We've had a very similar question about the changes in tax return statuses answered before on the Community which should help explain it for you.

 

Let us know if you have any further questions! Thanks, @NateATO

2 REPLIES 2

Devotee

Replies 0

It means that your tax return is processing but it has not finished yet. Most returns take around 10 days but can take longer. Read this article for an explanation of all the different stages you describe.

https://community.ato.gov.au/t5/Tax/Tax-Time-Where-s-my-tax-return/ta-p/8103

Most helpful response

ATO Certified Response

Community Manager

Replies 0

Hi @Amandaash,

 

We've had a very similar question about the changes in tax return statuses answered before on the Community which should help explain it for you.

 

Let us know if you have any further questions! Thanks, @NateATO