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.
Hi everyone, Back in 2016 when I did my first tax return I didn’t tick that I was an Australian resident for tax purposes. This resulted in me paying a tax debt (only around $2000) which at the time I did not know I had done wrong. Now I have gone back and amended the tax return (in 2019), filled it out correctly and it says I don’t owe anything. What I’m wondering is once the amendment has been processed will I receive back the money I paid as a debt? Has this happened to anyone before? any help will be much appreciated, Thankyou.