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Tax free threshold from 2 jobs

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Hi! I've gotten two jobs  and second one pays higher than the first one and I said 'yes' to the tax free threshold from the second job and right now I claim tax free threshold for both of the jobs, I don't know If I should withhold my tax for my first job as it pays lower. What should I do?

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Taxicorn

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@Julianna 

 

Generally you onl claim the tax-free threshold from one job, your main highest earning one.

By claiming it from the 2 jobs you will end up owing tax when you lodge your tax return and have to pay it back.

 

It all boils down to exactly how much your total taxable income will be.

https://www.hrblock.com.au/tax-academy/tax-free-threshold

 

1 REPLY 1

Most helpful response

Taxicorn

Replies 0

@Julianna 

 

Generally you onl claim the tax-free threshold from one job, your main highest earning one.

By claiming it from the 2 jobs you will end up owing tax when you lodge your tax return and have to pay it back.

 

It all boils down to exactly how much your total taxable income will be.

https://www.hrblock.com.au/tax-academy/tax-free-threshold