Australian Taxation Office advises taxpayers not to rush their tax returns

Australian Taxation Office advises taxpayers not to rush their tax returns Credit: Pexels / Tara Winstead

In Usap Tayo, we discussed why the Australian Taxation Office is urging Australians to wait until late July to lodge their tax returns.

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Key Points

• The ATO adjusted nearly 600,000 early tax returns last year due to missing income information.
• Common errors include failing to declare all income, overstating deductions, and incorrectly claiming tax credits.
• Waiting for banks, employers, and health funds to upload their data ensures automated pre-filling is correct.

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