More than 15 million Australians will file tax returns this season, with a significant portion relying on accountants while others use the MyGov system. The Australian Taxation Office (ATO) pre-fills certain income information, but taxpayers need to ensure accuracy and completeness, especially for income sources that may not be automatically included. The ATO investigates a large number of fraud tip-offs each week, highlighting the importance of honest reporting. Taxpayers should also keep thorough records of expenses for deductions, which should directly relate to income earned.
To claim a deduction you must have spent the money yourself and were not reimbursed from another source.
Some items, such as private health insurance information, are only partially pre-filled so be sure to check that all questions have been answered.
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