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  • Income tax estimator

    This calculator will help you work out your tax refund or debt estimate. It can be used for the 2015–16 to 2019–20 income years. It will estimate your tax payable and also calculate your:

    • Medicare levy surcharge
    • Higher Education Loan Program (HELP), Student Start-up Loan (SSL) or Trade Support Loan (TSL) repayment (for years prior to 2019–20)
    • Student Financial Supplement Scheme (SFSS) repayment (for years prior to 2019–20)
    • Income Contingent Loan (ICL) repayment (for the 2019–20 year)
    • any tax offsets that may apply.

    It will take these, along with other tax credits into account when estimating your tax refund or debt.

    What's new for 2019–20

    Net medical expenses tax offset

    From 1 July 2019, the tax offset for net medical expenses for disability aids, attendant care or aged care is no longer available.

    Deductions for holding vacant land

    From 1 July 2019, you can no longer claim tax deductions for the cost of holding vacant land, such as:

    • interest incurred on loans to acquire the land
    • land taxes
    • council rates
    • maintenance costs.

    These changes apply to costs incurred from 1 July 2019, even if you held the land before that date. For more information, see Deductions for vacant land.

    Study and training support loans

    From 1 July 2019, all study and training loans' repayments (also known as Income Contingent Loans repayments) are determined by one set of thresholds and rates.

    COVID-19 Measures and support

    Specific measures and support are available for individuals impacted by COVID-19 including:

    • JobKeeper payments for eligible employees
    • early access to superannuation, which is not assessable income
    • an optional shortcut method to claim 80 cents for each hour you worked from home (from 1 March 2020 to 30 June 2020) to cover all deductible running expenses
    • specific advice on the tax treatment of employment payments made because of COVID-19 (for example if you take leave, are stood down or lose your job)
    • specific advice on the tax treatment of residential rental property income and expenses.

    See also:

    Low and middle income tax offset

    The low and middle income tax offset is available for the 2018–19 and 2019–20 income years and is in addition to the low income tax offset if:

    • you are an Australian resident for income tax purposes, and
    • your taxable income is in the appropriate income range.

    The offset does not reduce your Medicare levy, but it reduces the income tax you pay, even down to zero.

    You do not need to claim this offset; we will work it out for you.

    For more information, see Low and middle income earners.

    Travel expenses for residential investment property

    From 1 July 2017, travel expenses relating to a residential investment property are not deductible. For more information, see Rental properties – travel expenses.

    Information you need for this calculator

    • Total gross income payments you received.
    • Total amount of tax that was withheld.
    • Total amount of deductions to claim.
    • Your residency status for taxation purposes.
    • Details of your tax credits and any tax offsets you are entitled to claim.

    You may need additional information, depending on your circumstances and what you choose to calculate.

    When you can't use this calculator

    You will not be able to use this calculator if you:

    • had a spouse for only part of the year
    • had an employment termination payment
    • had a lump sum payment in arrears
    • had a lump sum payment because you retired or finished working in a job
    • were under 18 years and had unearned income such as interest, dividends or other investment income
    • received credit for any tax paid by a trustee
    • had exempt foreign employment income
    • had an amount released under the First home super saver scheme
    • had income that was subject to averaging
    • had superannuation concessional contributions in excess of your concessional contributions cap.

    Disclaimer

    The calculated results are based on the information you provided at the time of the calculation. You should use these results as an estimate and for guidance purposes only.

    The exact amount of your tax payable or refund can only be calculated upon lodgment of your income tax return.

    Use the calculator

    Simple tax calculations

    Use the Simple tax calculator if you don't want or need a detailed calculation.

    Last modified: 01 Jul 2020QC 16693