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Australian Tax Rates for 2019!

tax rates 2019

You might be wondering how your taxes will be affected next year.

The marginal tax rates have been changed for 2019 and is subject to change until 2024. Not only will we be showing you how the tax rates for 2019 changes, but we’ll show you how the future tax rates will look like.

Keep reading for more information.

Tax Rates for 2019

As you know, the first $18,200 of your income is tax-free. Below, you will find the tax rates for the 2018/2019 financial year.  Read the rest of this entry »

Tax Deadline 2018 is 31 October!

tax deadline 2018

31 October 2018 is on its way.

Australian taxpayers are rushing to lodge their return by the deadline. You may be contemplating if you should hire a local tax accountant to advise you on your taxes since you’re worried if you won’t be able to do it yourself. In that case, be prepared for long waiting times and the possibility of hefty fees.

If you’re looking to lodge your return within the comfort of your own home, read on!

E-Lodge is here to make your experience easier.

Taxes can be a hassle to gather your documents, compute your taxes or even wait in line to be seen by a tax accountant; especially for tax deadline 2018. With E-Lodge, you just need to follow these easy steps to use our simple do-it-yourself online tax preparation site: Read the rest of this entry »

Should I Lodge Online or Find A Tax Accountant?

Are you looking for a tax accountant?

Many taxpayers are searching for a tax accountant near their area to lodge their tax returns. However, what would you say if you could lodge right from your bedroom?

Check out these steps on how to easily lodge your tax return online and tax tips on how to choose a tax accountant. Afterward, you can choose which option is right for you.

What about saving time? 

With E-lodge, our tax preparation services provide you with a user-friendly site, with which you can enter all the information. Unlike online tax services who you are paying for the complexity of your return, private accountants charge higher flat fees per the hour you are spending on your tax return.

On top of that, you don’t need to leave your home or can even finish your tax return on your lunch break. Here’s how to lodge your return online with us: Read the rest of this entry »

What is the tax-free threshold for 2018?

tax-free threshold 2018
The first $18,200 of your yearly income is not subject to tax.

That sounds great, doesn’t it? This is known as the tax-free threshold. However, this only applies if you’re an Australian resident for tax purposes.

You can claim the tax-free threshold to reduce your tax withholding during the year. Find out if you’re eligible by reading on.

Here’s a breakdown of the 2018 tax-free threshold.
Read the rest of this entry »

How to Lodge Your 2018 Tax Return!

lodge tax return 2018
1 July marks the start of the 2018 tax season!

Keep your eyes on your calendar!  The 2018 tax season runs from 1 July 2018 to 31 October 2018.

However, don’t get this confused with your financial year dates. In other words, you are lodging your 2018 tax return from the statements you received from 1 July 2017 to 30 June 2018.

Read on to find out how you can lodge your tax return, at your convenience.

Here’s what you need.

Read the rest of this entry »

What are the Income Tax Rates for 2018?

tax rates 2018
What are income tax rates?

With the 2018 tax season approaching on 1 July, many taxpayers are looking for their specific tax rate for the 2017-2018 financial year. Income tax rates 2018 determine how much of your income will be subject to tax.

Read on to find out your tax rate to prepare for the 2018 tax season!

Take a look at these income tax rates for 2018.

Read the rest of this entry »

Can I Claim the Tax-Free Threshold at Two Jobs?

Over the past decade or so, we’ve seen shifts in the workplace. One of these shifts is an increase in multiple-jobholders.  

It’s no longer odd to see a father at home with the kids on a Monday afternoon, a woman owning a billion-dollar company, or people (male or female) working for more than one employer at a time. No matter what the job situation may be, we all have one thing in common that we need to prepare for; taxes.

The ATO has created an income limit known as the tax-free threshold. This allows Australian workers to not be taxed on income earned up to a certain point. That limit is $18,200.

So, how do you claim this tax-free threshold at two jobs? Well, it depends.

How much of an income are you earning?

The ATO typically allows you to only claim the tax-free threshold from your primary source of income, or in other words, the job that earns you the higher salary.

If you have a secondary job that earns you a bit less income, that employer will withhold tax at the higher, ‘no tax-free threshold’ rate.

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Australian Tax Rates 2015-2016

Get a head start this year.

The 2016 financial year starts on 1 July 2015 and ends on 30 June 2016. The financial year for tax purposes for individuals starts on 1st July and ends on 30 June of the following year. Why not get ahead of the game and see what to expect for this year? For most of us, our tax rates will remain the same as they were for 2014.

Want a refresher? Keep reading for the 2015-2016 tax rates for Aussie residents and non-residents.


Australian tax rates for residents

For residents of Australia, there are several things to keep in mind:

  • tax free threshold will remain at $18,200
  • an additional Temporary Budget Repair Levy of 2% is payable on incomes over $180,000 pa from 1 July 2014 to 30 June, 2017. This increases the highest marginal tax rate to 47%.


Below is a table to further show tax rates for 2015-2016 as applied to residents.

Read the rest of this entry »

What is the 2014 Tax Free Threshold?

The first $18,200 of your income won’t be taxed if you’re claiming the tax free threshold on your 2014 tax return.

As of 1 July 2012, the Australian tax-free threshold increased to $18,200. That means, if you still need to file your 2012-2013 taxes,  you might be surprised to see a refund waiting to be claimed.

You’ll also have peace at mind knowing the tax-free threshold remains at $18,200 this year.

In other words, if you’re an Australian resident for tax purposes, you’ll notice when lodging your 2014 tax return that the first $18,200 of your income is not taxed.

The Tax Free Threshold Remains The Same

In 2011-2012, the tax free threshold was $6,000. Thanks to the Clean Energy Future package, that threshold increased to $18,200, starting in the 2012-2013 tax years.

That means, just like last year, if you are an Australian resident for tax purposes, you’ll only pay taxes on your taxable income exceeding $18,200. The higher your income, the higher the tax rate.

Last year, the ATO reported that the $18,200 tax free threshold for PAYG (pay as you go) withholding purposes would be equivalent to you making;

How to Claim Tax Free Threshold Australia

Luckily, the first $18,200 of your income is tax-free.

The tax-free threshold has more than tripled since 2011-2012 at $6,000 to a whopping $18,200. This threshold currently remains for the 2017 tax year.

Australia’s progressive tax code is divided into five different income brackets, each with its own tax rate.

The tax rate for the lowest income bracket, that which falls between taxable incomes of $0 and $18,200, has a tax rate of 0%. The $18,200 upper limit of the lowest bracket is what’s known as the tax-free threshold because the first $18,200 of your income is not taxed.

This means that you only pay tax on the income that falls above this lowest bracket. If all of your income is within this first bracket, you pay no tax at all. And even if your total income falls into a higher bracket, you still pay no tax on the first $18,200 of your income. When you factor in the Low Income Tax Offset (LITO), you can earn up to $20,542 without paying any tax.
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