Lower Tax Refund 2025 . This tax return and refund estimator is for tax year 2025 and currently based on 2024/2025 tax year tax tables. There could be a few reasons your return refund doesn't look as robust as past years, according to the ato.
Reduce the 19 per cent tax rate to 16. If you earn between $18,201 and $45,000, your tax rate will drop from 19% to 16%.
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What To Expect For 2025 Tax Return Neil Lambert , An australian taxation office (ato) spokesperson says, you may have a lower refund than expected or you may receive a tax bill. one reason many of us may receive a 'lite' version of last year's refund is the scrapping of.
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