Frequently Asked Questions

Most people need to lodge a tax return if they’ve earned income, such as wages, business income, rental income, or investment earnings. In some situations, a return may still be required even if tax was withheld by your employer.

The Australian financial year runs from 1 July to 30 June.

If you lodge your own tax return, the usual deadline is 31 October. If you use a registered tax agent and engage them before this date, an extension may be available.

You generally need to declare all income earned during the financial year, including wages, business income, rental income, interest, dividends, and capital gains.

Australian tax residents can claim the tax‑free threshold, which means you don’t pay tax on the first portion of your income. This is usually claimed through your employer and should generally only be claimed from one employer at a time.

Most taxpayers pay a Medicare levy, which helps fund Australia’s public health system. Some people may pay less or be exempt depending on their income level and personal circumstances.