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.
I am having an issue where the EOFY amounts on my free mobile Reckon STP app are correct but the ATO website is displaying a different amount. What might be causing this and how can it be fixed? The App provider (Reckon) advices that the EOFY report i send will overwrite all balance prior to the point once it sends through and is accepted. Is it right? Thanks for your help.