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Tax estimate – important information

How to understand your myTax estimate and why it may differ from your final assessment.

Last updated 28 May 2014

Your tax estimate is based on the information in your tax return. This includes information you have provided and information that has been pre-filled that you consider is correct and have not changed.

If you have not completed all your information, myTax will still show you an estimate based on the information in your tax return.

The estimate includes any compulsory Higher Education Loan Program (HELP) or Student Financial Supplement Scheme (SFSS) repayments you have to make.

The myTax calculation is an estimate only and the final balance of your assessment may differ from the estimate when:

  • it involves complex calculations, or
  • we receive information that affects the balance of your assessment.

These include situations where you:

  • are entitled to use your spouse’s unused seniors and pensioners tax offset
  • have a credit or debit balance with the ATO
  • have a debt with the Child Support Agency or other Australian government department
  • are lodging the return late
  • have a Higher Education Loan Program (HELP) debt and you are eligible for the HECS-HELP benefit 
  • are entitled to a Government super contribution.
Instructions on completing your individual tax return using myTax.