Tax lodgement lag may result in debt for families

Family Tax Benefit customers lagging behind in lodging their 2013/14 tax returns are being urged to do so now or risk incurring a debt.

Department of Human Services General Manager Hank Jongen said customers who received Family Tax Benefit in 2013/14 need to lodge their tax returns by November, or they will have to pay back all of the payments they received in that financial year.

This includes the Schoolkids Bonus payments that were paid as a result of being eligible for Family Tax Benefit in the 2013/14 financial year.

“The amount of Family Tax Benefit you are entitled to depends on your family’s income and circumstances,” Mr Jongen said.

“Customers and their partners need to lodge a tax return and have their income confirmed by the Australian Taxation Office (ATO) or tell the department they are not required to lodge a tax return, via their Centrelink online account through myGov or the Express Plus app, so their payments can be balanced.

“The department will then compare the amount of Family Tax Benefit they received in 2013/14, based on their estimated family income, against the amount they are entitled to, based on their actual family income.”

Mr Jongen said families still have to time to complete their tax affairs and avoid a debt, and using myGov makes the process more convenient than ever before.

“myGov enables people to access more of their tax time requirements in a central place,” Mr Jongen said.

“If you have simple financial arrangements and your myGov account has been linked to the ATO you may still be able to use myTax to lodge your 2013/14 tax return online.

“There is no need to contact the department for your Centrelink payment summary as this will be automatically pre-filled for you.”

For more information about tax lodgement requirements visit www.humanservices.gov.au/taxtime[1].

To login or register for a myGov account go to my.gov.au[2].

To find out if you are eligible to use myTax to lodge your 2013/14 tax return online visit ato.gov.au/prioryear[3].