Lifestyle

How to get your hands on your tax bonus of up to $1,080?

If you haven’t already heard the Federal Government passed a tax cut that could see up to an extra $1,080 coming to your bank account soon, but how do you claim your cut?

Well the simple answer is you just need to lodge your tax return and you will receive the extra boost from the ATO automatically.

If you have already lodged your return the tax office is working on new procedures that will see the first people receiving their bonus by as early as 12 July.

“The ATO is implementing the necessary system changes so taxpayers that have already lodged their 2018-19 tax return will receive any increase to the low and middle income tax offset they are entitled to,” according to a statement.

jodiehumphries
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Jodie Humphries

Jodie is a beach-loving dog mum from the Mid North Coast of NSW now based in the Northern Beaches. She loves nothing more than to empower women to live a happier healthier lifestyle.