Tax Blogs

How To: Get Your $1080 Tax Refund

June 10, 2021

Get your hands on some sweet, sweet cash.

The Low- and Middle-Income Tax Offset is available to anyone with income up to $126,000, however, how much you receive will depend on your income.

Anyone earning less than $37,000 will receive $255
Anyone earning between $37,001 & $48,000 will increase steadily to $1080
Those earning between $48,000 & $90,000 will get the full $1080, and
If you’re earning more than $90,000 the $1080 will gradually phase out and disappear after $126,000.

To get your hands on your extra cash splash, all you need to do is lodge your income tax return.

In addition to the $1080, some of you can expect a little extra splash of cash from the tax cuts that were released. For those who have already seen a slight increase in the pay packet due to the tax cuts, you will soon be back paid around 17 weeks’ worth of extra tax.   

And guess what? You don’t need to do any extra work to get it! As you venture through your online income tax return, Gotax will work out all the calculations for you.

Do Your Online Income Tax Return in Minutes!
We won’t keep you waiting, your tax return can be completed in minutes on any device and at any time! Then your online tax return is checked and lodged by our expert tax Accountants immediately!

You just need to sit back, relax and wait for your tax refund to hit your bank account.

When it's time... 

CLICK HERE to start your 2021 Tax Return!


Note that the information provided is general in nature and subject to change, please contact one of our professionals who can evaluate your circumstances and provide more accurate advice to your current situation.

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