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This tax time more than 1.4 million taxpayers will have access to the ATO’s new myTax service which will slash the time and effort it takes to complete your tax return.

MyTax is a new streamlined online tax return designed specifically for people with straightforward tax affairs,” Deputy Commissioner Steve Vesperman said.

“We know people want their tax to be as effortless as possible. MyTax allows you to lodge your return quickly and conveniently on tablets, smart phones and any computer.”

MyTax pre-fills your return with information from your previous tax return and with information provided by your bank, employer, government agencies and others.

“If you wait until early August, when most of this information is available, myTax will do most of the hard work for you. With only 10 main screens to review, your tax return will be easier to complete than ever before,” Mr Vesperman said.

“For those with more complex tax affairs, e-tax continues to provide a free, convenient, and secure online lodgment option.”

To find out more information on myTax, your eligibility and online lodgment options this year visit www.ato.gov.au/lodgeonline.

See the myTax promotional video here

Online services now available through myGov 

ATO online services are now available through myGov. To lodge your tax return online – with either myTax or e-tax - you will need to create a myGov account and link it to the ATO.

If you already have a myGov account, simply link the ATO as one of your member services.

Once linked to the ATO, you can use your myGov account to manage your tax and superannuation affairs online. You can update your personal details, keep track of your super, arrange to pay a debt and lodge and check the progress of your tax returns.

New changes to be aware of this tax time 

There are a few changes this tax time that you need to be aware of.

Private Health Insurance rebates will be adjusted and applied to premiums paid on or after 1 April 2014. This means the rebate before and after this date will be different, and you will now have two lines of information you will need to include in your tax return. So make sure Media Unit contact: 02 6216 1901

 

you wait for your statement before doing your tax return. Pre-filling of private health insurance policy details is expected to be available in myTax and e-tax from early August 2014. For more information read our article ‘Health insurance statement needed to complete your tax return’.

The net medical expenses tax offset is being phased out. To be eligible to claim the tax offset this year you must have either received the offset in your 2012-13 income tax assessment, or paid for medical expenses relating to disability aids, attendant care or aged care. For more information read our article ‘Net Medical Expenses Tax Offset Changes’ for more information on these changes.

Tax receipt 

This tax time people who have lodged their tax return and paid $100 or more in income tax will now receive a tax receipt with their Notice of Assessment.

The tax receipt provides a breakdown of how your tax has contributed to government services such as welfare, health and education. Information on the level of Australian government debt will also be included.

For more information visit www.ato.gov.au/taxreceipt.

Paper tax returns 

Like last year, if a taxpayer needs to lodge on paper they can order a paper tax return and instructions online at www.ato.gov.au/onlineordering, calling 1300 720 092 (quote NAT 71050), or by picking up a copy from ATO shopfronts as they will no longer be available at newsagents.

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  • With tax time coming up, I try to keep all my receipts and claim them back each year but I do think there is stuff I am missing out on claiming. I need to take some time this year to really look into what I can include to ensure I get every dollar possible.

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  • Good knowledge to know! Thanks for sharing this!

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  • I’ve done my tax online for 2 years now and it’s so easy. My partners is more complex so we get an accountant to do his but for straightforward returns I recommend online tax.

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  • this service has been so easy for us to use in the past. we have even helped a few friends do theirs with this program

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  • This is why I use an accountant – too many things change each year.

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  • Here we are the 30/9 and I still haven’t done our taxes yet.

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  • I have been wanting to try and do this online, thanks for the article, think I might just do that this year.

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  • I’ve been doing my tax online for years now & was happy to hear about the new streamlined version….. unfortunately I was excited too soon. It took me twice as long with a number of things not pre-filling, having the added chore off applying for a myGov account & then it telling me that the info I was using to verify myself was incorrect… when it wasn’t :(

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  • A relative of mine has been doing her tax on-line for at least 4 years.
    One problem ATO don’t tell you some of the things you are legitimately allowed to claim for.
    ATO actually gives your regular accountant that normally does your tax return some of the details they need, so if you make a mistake in income ATO already knows what it is.

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  • I know someone who used this new system and said it was great – so much easier.

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  • great info for people that are trying to do it on there own

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  • I wouldn’t call it easy, just a way to make people link everything so the government has it all in a neat little basket

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  • That’s great that it’s been streamlined this year. Last year there were so many extra pages than previously & it took some getting through, especially as some were very similar & I needed to back up & re-read them.

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  • This sounds good, but I worry about security.

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  • Great article for those who do their own tax returns but if it is to stressing and complex a professional is a good choice.

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  • Great to know for people who want to do their own tax

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  • Thanks we get ours done from a professional but good to know just in case

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  • It isn’t as easy as it used to be, you need to set up your Gov account and link it first instead of just downloading the etax app

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  • Thank you for this info. will be doing.my own return this.year.

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  • thankyou for the information this time of year is always stressful

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