Australian Taxation Office warns early tax return lodgers to wait until late July for reduced errors due to auto-uploaded financial data.
The Australian Taxation Office (ATO) warns Australians against rushing tax returns, as early lodgers are twice as likely to make mistakes. It advises waiting until late July, as financial information from employers, banks, government agencies, and health funds is automatically uploaded during this time. ATO Assistant Commissioner Rob Thomson highlights that common errors include overclaiming deductions and providing incorrect details.
June 24, 2024
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