Working two or more jobs? Here’s how to prepare your tax return

It’s common for people in Australia to have more than one job to meet daily living expenses. But when tax season comes around, it’s important to understand the correct process for declaring income from multiple employers to avoid problems, penalties, or unexpected charges from the ATO (Australian Taxation Office).

Photo credit: Marianna Zuzanna/Tim Douglas/Kampus Production by Pexels

Key Points

• Registered tax agent Jocelyn David recommends waiting for your employers and financial institutions to upload pre-filled income information before lodging.
• Whether you’re working two part-time jobs, doing freelance work under an ABN, or earning a bit on the side, all income must be included in your tax return.
• Choose your main job to claim the $18,200 tax-free threshold. Your second or third employer should withhold tax at a higher rate.

PAKINGGAN ANG PODCAST

‘Tax Ready’ ka na ba? Mga paalala bago mag-file ng tax return kung ikaw ay may higit sa isang trabaho

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The information in this podcast is intended as general guidance only. For advice tailored to your personal circumstances, please speak to a registered tax agent or visit the ATO website.

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