Tax Return 2023-2024

What is a tax return?

A tax return is a form that you need to complete and submit to the Australian Taxation Office (ATO) each year to report your income and expenses. It helps the ATO calculate how much tax you owe or if you're eligible for a tax refund.

Who needs to file a tax return?

If you have earned income in Australia or have worked in Australia during this financial year (from July 1, 2023 to June 30, 2024), you will likely need to file a tax return. This applies to both residents and non-residents for tax purposes.

How is income taxed?

In Australia, income is taxed based on a progressive tax system. This means that the more you earn, the higher the tax rate you pay. The tax rates range from 0% to the highest marginal rate, which is currently 45% for individuals.

What are the deductions and expenses?

When completing your tax return, you can claim deductions for certain expenses related to your work or investments. Common deductions include work-related expenses, self-education expenses, and certain types of investment expenses. Deductible expenses can help reduce your taxable income and lower the amount of tax you need to pay.

Refunds or tax owed?

After you lodge your tax return, the ATO will assess your income and deductions. If you have paid more tax than you owe, you may be eligible for a tax refund, which will be paid to you by the ATO. If you have not paid enough tax, you may have a tax debt and will need to make arrangements to pay it.

In 2021, the average Australian tax refund was $2,800!

*Based on the estimate calculated by the ATO

How can we help you?

One-on-One appointment to guide you through your tax return
Personalised approach to maximise your tax deductible expenses
Focus on temporary travelers, students and Working Holiday visa holders
Online & Phone meeting available for EXPRESS lodging
No Refund, No Fees Policy*

Book an appointment

Frequently Asked Questions

Please reach us at Info@travoz.com.au if you cannot find an answer to your question.

Do I need to lodge a tax return if I'm on a Working Holiday Visa in Australia?

It's not mandatory for WHV holders to lodge their Tax Return if they have earned less than $45,001 during the financial year. However, we strongly recommend lodging your tax return to claim eligible tax deductible expenses and potentially get a refund!

Can I claim deductions for work-related expenses as a backpacker?

Yes, you can claim deductions for eligible work-related expenses such as tools, equipment, uniforms, and certain travel expenses directly related to your employment.

Can I claim deductions for the cost of training or courses related to my job?

Yes, you can claim deductions for the cost of training or courses that are directly related to your current job or that improve your skills in your current employment field. Think about your White Card, RSA, RCG and other training courses as such!

Can I claim laundry expenses for my work uniform?

Yes, you can claim deductions for the cost of laundering or dry-cleaning your deductible work uniform. This includes the expenses incurred for washing, drying, ironing, and dry-cleaning the uniform.

Do I need to keep receipts for all my deductions?

It is recommended to keep receipts and records of your work-related expenses as evidence to support your claims in case the ATO requests verification.

How can I claim my refund if I have overpaid tax?

If you're entitled to a tax refund, you can provide your bank account details when lodging your tax return, and the refund will be directly deposited into your nominated bank account.

Tax Return 2023-2024

How can we help you?

Frequently Asked Questions

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