Key points
- A tax return brings together income, deductions and tax withheld.
- A refund is not guaranteed; it depends on the final tax calculation.
- Keep Income Statements, receipts and bank details ready.
What a tax return includes
A tax return may include salary and wages, business income, interest, deductions and tax offsets. For employees, Income Statements are usually a key starting point.
Refunds and tax payable
Your outcome depends on the tax already withheld, your taxable income, deductions and other tax items. The result may be a refund, no refund or tax payable.
What to prepare
Prepare your TFN details, Income Statements, bank details, receipts and any ABN income records before applying.
Summary
The easiest way to start is to organise income documents and records before lodging.
Before you start your return
Gather the records for the income year you are lodging. Keep each employer’s Income Statement together with bank interest, business income and expense documents. Check that the documents cover the same year before you submit them.
Check each employer’s Income Statement is marked “Tax ready”. If a statement is missing or looks wrong, ask the employer to review it before you rely on the figures. A bank deposit alone does not show the full gross pay or tax withheld.
This guide is general information only. Your tax position can differ depending on income type, residency, visa status, records and personal circumstances. Check official ATO guidance or seek individual support before lodging.