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Common tax terms essentials
  
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Brief explanations of a range of tax terms to help you understand your rights and obligations.
Basic topics
Employment, income & tax returns
Deductions, offsets & benefits
Current
Common tax terms essentials
Brief explanations of a range of tax terms to help you understand your rights and obligations.
Notices of assessment - what are they?
Your notice of assessment explains how we have arrived at the amount of your tax refund or debt.
Super - your money, your future
Tips for young people about what superannuation (super) is, how to make it grow and the reasons to keep track of it.
Tax offsets - what are they?
Tax offsets directly reduce the amount of tax you have to pay.
Tax refunds - what are they?
If you paid more tax during the year than you needed to, the extra is returned to you as a refund.
What is income?
Simple definitions of assessable, exempt and taxable income.
What is the tax-free threshold?
Explains what the tax-free threshold is and what this means to you.
Notices of assessment - what are they?
Your notice of assessment explains how we have arrived at the amount of your tax refund or debt.
Super - your money, your future
Tips for young people about what superannuation (super) is, how to make it grow and the reasons to keep track of it.
Tax refunds - what are they?
If you paid more tax during the year than you needed to, the extra is returned to you as a refund.
What is income?
Simple definitions of assessable, exempt and taxable income.
What is the tax-free threshold?
Explains what the tax-free threshold is and what this means to you.
Tax offsets - what are they?
Tax offsets directly reduce the amount of tax you have to pay.
  
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