ClearFront News.

Reliable information, timely updates, and trusted insights on global events and essential topics.

technology trends

What is the last date you can lodge a tax return?

By Andrew Vasquez |

When is the tax return deadline? The tax return deadline if you’re lodging your tax return yourself is October 31 (read our comparison on lodging yourself versus using a tax agent). In other words, your tax return for the financial year from 1 July 2019 to 30 June 2020 must be filed by 31 October 2020.

Can I lodge a tax return for previous years?

If you still need to lodge a tax return for a previous year, it’s important to get up to date as soon as possible to reduce the risk of a penalty. If you need to lodge a tax return for a prior year, you have three options: Lodge online. Lodge with a registered tax agent.

How do I know if I have to lodge a tax return?

You must lodge a tax return if any of the following apply to you. You: had tax withheld from any payments (such as wages) made to you during the income year. are an Australian resident and your taxable income was more than the tax-free threshold ($18,200)

How do I know if I need to lodge a tax return?

How long does it take to lodge a tax return?

tool. This tool will take between five and 10 minutes to complete. If you’re unsure if you need to lodge a tax return for earlier years, you can choose from the following links: Note: If you need to lodge a tax return for years prior to 2008 – go to our Prior years individuals tax return forms and schedules and select the relevant year.

What happens if I fail to lodge my tax return?

If you continue to fail to lodge, the ATO may issue a formal default assessment warning letter. This will contain an estimate of your income for the missing year which the ATO may then use to issue you with a default assessment.

Do you need to lodge a tax return for your wife?

Hi, just a question regarding if I need to lodge a tax return for my wife who is a stay at home wife. My wife does not earn an income from any source (no Centrelink benefits etc), and I do include my wife’s details when I submit my return through the online ATO option.

Do you need a myGov account to lodge a tax return?

To access the tool you need a myGov account linked to the ATO. When you access the tool through ATO online services it uses information we know about you. This information comes from third party reports, such as employers and government agencies. This means there are less questions you will need to answer, and the result is tailored to you.