Why now is the right time for millions of Aussies to lodge tax returnsThe tax office has shared a list of ‘dos’ and ‘don’ts’ and revealed the temptation that must be avoided.3 min read

7NEWS07-28

Australians with straightforward tax affairs have been given the thumbs up to lodge their returns now that a stack of pre-fill information is good to go.Workers have been able to file their annual ...

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class=\"title\">\nWhy now is the right time for millions of Aussies to lodge tax returnsThe tax office has shared a list of ‘dos’ and ‘don’ts’ and revealed the temptation that must be avoided.3 min read\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-28 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://7news.com.au/news/ato-tells-millions-of-australian-taxpayers-now-is-the-time-to-lodge-returns-c-22636284><strong>7NEWS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australians with straightforward tax affairs have been given the thumbs up to lodge their returns now that a stack of pre-fill information is good to go.Workers have been able to file their annual ...</p>\n\n<a href=\"https://7news.com.au/news/ato-tells-millions-of-australian-taxpayers-now-is-the-time-to-lodge-returns-c-22636284\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2362541513.USD","symbol_name":"WELLINGTON NEXT GENERATION GLOBAL EQUITY 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(USD) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","BK4197":"燃气公用事业","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","ATO":"ATMOS能源公司"},"translate_title":"为什么现在是数百万澳大利亚人提交纳税申报表的最佳时机？税务局分享了一份“该做”和“不该做”的清单，并揭示了必须避免的诱惑。阅读时间：3分钟","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATO":1},"content_text":"Australians with straightforward tax affairs have been given the thumbs up to lodge their returns now that a stack of pre-fill information is good to go.Workers have been able to file their annual returns since the start of July, but there was a benefit to holding fire.The Australian Taxation Office (ATO) said some of the work has been done for those who have held off so far, with more than 100 million pieces of information from employers, banks and insurers now ready to be dropped into individual filings.Know the news with the 7NEWS app: Download today Arrow“For those who have been patiently waiting to lodge, most income statements and pre-fill information is now available,” ATO Assistant Commissioner Anita Challen said on Monday.“If you’re self-lodging, before you hit submit, take a few extra minutes to check your details to avoid delays and mistakes.”Challen said it was vital to cast an eye over the pre-fill data, declare all income and only claim deductions you are entitled to.“Remember you are making a legal declaration that the information in your tax return is true and correct,” Challen said.Key tax deadlines and fines for lodging lateTaxpayers have until October 31 to lodge their return but that can be pushed back into 2027 if you are on the books of a registered tax agent by the October deadline.Failing to lodge on time — even by just one day — can attract penalties of $364.Be the first to know: Add 7NEWS as your preferred news source on GoogleThat can spike every four weeks, up to $1820.About 38 per cent of taxpayers expect to bank a refund this time around, with 58 per cent of that cohort planning to drop it straight into their savings, according to a new survey from Finder.Finder spokesperson Richard Whitten said most Australians will use tax time to catch up, rather than splurge.“Many Aussies are feeling the squeeze and are counting on their tax refund to get back some breathing room,” Whitten said.“Whether it’s topping up savings, covering bills or chipping away at debt, most people are prioritising financial security over treating themselves.”Three golden rules for deductionsChallen said it is important not to be “tempted to overclaim deductions or inflate expenses”.Australians should also report all income from side hustles and rental properties, and have been warned against copying and pasting from previous returns and relying on information from third-party sources such as artificial intelligence platforms and finfluencers.The “three golden rules” for claiming a deduction for a work-related expense are:You must have spent the money yourself and not been reimbursedThe expense must directly relate to earning your incomeYou must have a record (usually a receipt, invoice or logbook) to prove it.“The ATO has sophisticated data-matching and analytics that can quickly identify claims that don’t stack up,” Challen said.“The ATO may hold your refund for further investigation if it looks suspicious.”Most returns are processed within 12 business days.Warning as millions of Australians prepare tax claims3 min readMillions of Aussies warned ahead of key tax date: ‘Penalties, audits or worse’3 min 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