Want to estimate what tax refund you might receive from your tax return?
Our Australian online tax refund calculator is a free tool. It provides you with an instant estimate of your tax refund! No sign-up required, fill out the information and get an estimated result in no time. We will also send you an email summary for your records.
How to use our tax return calculator?
This tool is made to help you out, it also gives you a quick and simple snapshot of your potential return. Start by entering all the basic information such as income, tax withheld, government payments, existing HECS debts, dividends and franking credits. Follow the steps and our online tax return calculator will estimate your potential tax refund. It’s fast, easy and secure.
Is the calculator accurate?
To obtain the most accurate estimate, try to use correct figures. So, the more detailed and accurate your information is, the better. Our calculator takes into account the most common elements involved in a refund calculation.
Conversely, it does not take consider your individual offsets and other circumstances which could impact your refund. Such as tax credits or your occupation.
What is next?
To get your final tax return summary, complete a full return process by signing up on – ezytaxback.com. And let our team help you out.
“I would like to express my deepest gratitude to Ashley from ezytaxback for providing such excellent service! She was super efficient! I would highly recommend ezytaxback to anyone who wants a fast and incredibly easy way to lodge your return.”Eleanor
“These guys are great!!!I’m totally baffled when it comes to money and tax but Ashley at ezytaxback.com has been amazing. I had a myriad of question, most probably totally obvious to anyone with basic computer and money skills, but Ashley was unfailingly patient throughout. Ashley answered all my questions and went above and beyond in helping me successfully lodge my tax return.”Judith
“When I first used Ezytaxback.com, I thought that it was going to take time to process everything and gave it try as a risk but I was surprised by the professionalism that occurred where the accountants were able to identify all my information from the ATO and they did everything for me. It was fast and efficient, I did not have to worry about signing any documents and scanning them.”Leonard
“It has been a very positive and pleasant experience dealing with you. Easy as pie to fill out the initial questionnaire; much less time-consuming than filing the return myself. Also very nice to see a $200 reduction in tax debt! I would be happy to recommend your service to friends and family. Thanking you kindly”Laurie
What is Income?
In this section you should include all the income you have received from your employer throughout the 2019 financial year. Your group certificate should have all your total employment income. Employers should send you a group certificate by by email or by letter. Otherwise, if your employer has set up STP Single Touch Payroll, you can access your PAYG summary online via the MyGov website which will have your total gross taxable income as well as tax withheld for the year-end.
If you received any income from the Australian Government such as Youth Allowance or Parental Leave Pay you should enter this amount for a more accurate result as both payments are not exempt from income tax and therefore should be included apart of your taxable income.
On the other hand, if you received Carer Adjustment payments or Veterans’ Affairs disability pension, these payments are exempt taxable income payments and you should not enter this into the tax calculator when calculating your refund amount.
You can find out whether your government payments are taxable or not via your MyGov account which will have your annual statements ready for you to access & will include any tax withheld during the year also which you should enter in the opposing field on the tax calculator page.
To note: Opposed to our online tax calculator page, when you are filling out our online tax form to provide all income you received during the year, even tax-exempt income as per above as we can sort through what is and what isn’t taxable, us humans are one-up on the calculator in this instance!
Dividend income and franking credits
This is pretty straight-forward and includes income such as dividends, interest earned, franking credits and the like. You can obtain your total annual income earned by logging on to your online account if your provider has this service and if you’ve opted for paperless banking, go you!, or else you should receive a letter in the mail in the coming week or so with your annual statement, otherwise if you can’t wait you can contact your chosen financial institution directly.
All other income
This section is where you should include income from sources such as foreign income, net sole trader income and net rental property income after expenses paid.
What are Deductions?
In the deductions section you should include costs incurred which were specifically work-related which include:
- motor vehicle expenses
- travel expenses
- uniform occupation-specific or protective clothing, laundry and dry-cleaning expenses
- self-education expenses
- other work-related expenses
- low-value pool deduction
- interest deduction
- dividend deductions
- gifts and donations
- costs of managing tax affairs
As well as other deductions including personal super contributions and income protection insurance premiums.
You should also include any current HELP/HECS/SFSS Loan balance as Australian Taxpayers are obligated to make compulsory repayments once taxable income is over $51,957 as per the new 2019 tax threshold rates.
Following the information outlined above prior to using our online tax calculator will provide you with the best results at receiving an accurate estimated tax return figure.
Advice and Tips
Over 4,000 people have completed their tax return with ezy!
If you’re due a refund, we get your money to you fast. So lodge tax return online with us today.
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Only $29.95. We do not charge extra for rental property, foreign income and other additional schedules.
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