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.
Hello, I lodged my tax return on the 1st of July via MyTax on the ATO/MyGov website. It has now been 4 weeks and my return still hasn’t been completed. It’s said In Progress - Balancing account for 3 weeks now.
I have very simple tax affairs, just income from my job, and basic work deductions.