ATO is ‘here to help’ as Australians complete tax returns for 2024

ATO is ‘here to help’ as Australians complete tax returns for 2024

Taxpayers wrestling Submit their declarations He may be eligible for a free helping hand.

Australians have Until October 31 to submit their returns Or face a large fine.

Although you can apply as of July 1, The official advice is to wait a little bit..

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The Australian Taxation Agency has warned that people rushing to get their tax returns done as quickly as possible often forget to include items such as bank interest, dividend income or details of private health insurance.

Claiming incorrect deductions can get taxpayers into trouble, so be prepared to support your claims.

Dealing with the complexities of tax time can be challenging, but the Australian Taxation Agency says it is “here to help”.

If your income is less than $60,000 per annum, you may be able to access the ATO. Tax Assistance Program And get a volunteer to help you file your return for free.

“From July to October each year, our certified volunteers help people file their tax returns online,” said Assistant Commissioner Rob Thompson.

You can speak with a Tax Help volunteer online, by phone, or at centers located across the country.

The tax body said most tax time questions can be easily answered online via the ATO app or website and myTax.

“We have made significant investments in our online services to provide a fast, secure and easy way to manage most of the interactions you may have with the ATO,” Thompson said.

“You can find answers to many of your tax questions, as well as do most of your tax obligations online.”

Specialist tax assistance is available to Aboriginal and Torres Strait Islander peoples through the Australian Taxation Office’s Aboriginal Hotline.

“Aboriginal and Torres Strait Islander people can get help from our trained staff to help you with things like getting a tax file number, filing your tax return or finding your superannuation,” Thompson said.

Assistance is also provided to taxpayers from non-English speaking backgrounds, with support available for culturally and linguistically diverse taxpayers.

Anyone who fails to file their own tax return or register with a tax agent by the October deadline will be fined $313.

The Australian Tax Authority warns that this penalty increases every 28 days, up to a maximum of five times, meaning the fine could cost you $1,565.

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