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Tax Returns for Individuals
Your Guide to Filing Taxes, Deductions, and More
Welcome to Your Complete Guide for Filing Tax Returns in Australia
As a resident of Riverton, Western Australia, it’s important to understand the steps involved in filing your annual tax returns. Whether you’re working, running a business, or receiving government assistance, we’re here to simplify the process and ensure you’re meeting all your tax obligations.
In this guide, you’ll find everything you need to know about federal tax returns, available deductions, important deadlines, and helpful resources for residents of Riverton.
What You Need to Know About Tax Returns in Australia
In Australia, tax returns are filed through the Australian Taxation Office (ATO). The tax system is administered at the federal level, so all Australian residents, including those in Riverton, follow the same procedures when filing their tax returns.
- Tax Year: The Australian financial year runs from July 1st to June 30th.
- Filing Deadline: You must submit your tax return by October 31st of the following financial year unless you are using a tax agent (who may offer extensions).
- Tax System: The tax system is progressive, meaning that the more you earn, the higher percentage of tax you’ll pay.
How to File Your Tax Return in Australia
Filing your tax return is an essential annual task, and in Australia, you have several options for filing:
a. Online Tax Filing
- Pre-filled Information: The ATO automatically pre-fills many sections of your return, such as your income from employers and government payments, making the process easier.
- Deductions & Offsets: You can also claim deductions for things like work-related expenses, self-education costs, and donations.
b. Using a Registered Tax Agent
If you’re unsure about the filing process or have complex financial situations, a registered tax agent can help. They can file your return on your behalf and ensure you take full advantage of available deductions and credits. Remember to engage with a tax agent before October 31st if you want an extension.
c. Paper Filing
If you prefer, you can request a paper tax return from the ATO. However, online filing is faster and more efficient.
Tax Rates for Individuals in Australia
Australia has a progressive tax system, meaning the more you earn, the higher your tax rate. Here are the current tax rates for individual residents in 2024-25 and 2025-26:
| Income Range (AUD) | Tax Rate (%) |
|---|---|
| Up to $18,200 | 0% |
| $18,201 to $45,000 | 16% |
| $45,001 to $135,000 | 30% |
| $135,001 to $190,000 | 37% |
| Over $190,000 | 45% |
Example: If your taxable income is $60,000, you’ll pay: 16% on the portion from $18,201 to $45,000 → $26,800 × 16% = $4,288 , 30% on the remaining $15,000 → $15,000 × 30% = $4,500 , Your total tax bill would be $8,788.
Common Deductions for Individuals
Tax deductions reduce your taxable income, meaning you pay less tax. Common deductions include:
- Work-Related Expenses: Claims for things like uniforms, tools, and travel expenses related to your job.
- Self-Education Expenses: If you study to improve your skills for your current job, you can claim tuition, textbooks, and other related costs.
- Donations to Charity: Donations to registered charities are tax-deductible.
- Home Office: If you work from home, you may be able to claim part of your home office expenses.
Be sure to keep receipts and documentation for any expenses you intend to claim.
Superannuation Contributions
Superannuation is Australia’s retirement savings system, and employers are required to contribute a minimum percentage of your salary into a super fund.
- The Superannuation Guarantee (SG) rate is 11% for 2023–2024, increasing to 11.5% from 1 July 2024 and 12% from 1 July 2025.
- If you’re self-employed, you’re not required to make compulsory superannuation contributions, but you may choose to contribute voluntarily to secure your retirement.
Key Considerations for Australian Residents
While Riverton, Western Australia, does not have state income tax, there are other important taxes to be aware of:
- Stamp Duty: If you buy property in Western Australia, you’ll need to pay stamp duty based on the purchase price.
- Land Tax: If you own land or property other than your primary residence, you may be liable for land tax.
Frequently Asked Questions (FAQs)
Can I claim deductions for working from home in Riverton?
A: Yes, if you work from home, you may be able to claim deductions for home office expenses, including electricity, phone bills, and internet costs.
How do I get my tax return if I’m owed a refund?
A: The ATO will issue refunds directly to your nominated bank account once your return has been processed.
Get Help with Your Tax Return
If you’re feeling overwhelmed by the tax return process, there are several options for assistance:
- ATO Online Services: The official ATO website provides detailed guides and resources for filing your tax return online.
- Tax Agents in Riverton, WA: Consider hiring a registered tax agent if you have complex tax circumstances or need professional help.
- Local Community Resources: Check out any free tax assistance programs available in Riverton for low-income earners or students.
Contact Us for Professional Tax Help in Riverton
For more information, or if you need help filing your tax return, please contact us today. Our tax professionals are here to assist Riverton residents with everything from straightforward returns to complex financial situations.
