Tax Return Calculator
Use E-Lodge’s tax calculator or prepare your return with the tax application to see your tax refund/payable
Tax season may not officially begin until July, but many taxpayers are already wondering how much money they’ll end up owing the ATO or how big a refund they can expect. Short of actually doing your taxes, the best way to plan for the near tax future is to use a tax calculator.
E-Lodge has a tax calculator right here on the site that’s easy to use. All you have to do is fill in some basic personal information such as your gross taxable income, deductions, total tax withheld, age, and residency. Then answer questions about other items that might affect your tax situation such as reportable fringe benefits, employer superannuation contributions, marital status, and the number of dependents.
The whole process takes all of two minutes to complete and can give you a good idea of what to expect from the upcoming tax time. E-Lodge’s tax calculator will be available for the 2012-2013 tax year starting in mid-May.
Do note, however, that the tax calculator is only capable of providing a rough estimate of your tax liability. It likely won’t be able to take into account every offset and deduction you qualify for, especially if you have a more complex financial situation.
The only way to get an accurate picture of what you’ll owe or how much you’ll get back is to actually prepare your return using E-Lodge’s online tax application. It is free to try and allows you to see your tax refund/payable before you decide to lodge. All you have to do to get started is create an account.
It is the fastest and simplest income tax calculator online, guaranteed to maximise your refund through deductions, offsets, dependent eligibility, etc. And you don’t have to trust your return just to a computer: your return will be reviewed by an accountant to guarantee accuracy and make sure you didn’t miss any potential offsets or deductions.
E-Lodge is free to try and we also offer free live tax advice through our secure chat interface or phone while you are filling your information online.
Lodge your 2012-2013 return through E-Lodge starting June 15th!
Photo via photosteve101 on Flickr