Low income earners may need to lodge

Low income earners may need to lodge

If your taxable income is under the tax-free threshold, there are reasons why you may still need to lodge an income tax return.

The most common reasons are as follow:

• are entitled to the private health insurance rebate
• had pay as you go (PAYG) withheld from payments received during the year
• had a reportable fringe benefits amount on their PAYG payment summary
• had reportable employer superannuation contributions on their PAYG payment summary
• made a loss or can claim a loss made in a previous year
• were an Australian resident for tax purposes and had exempt foreign employment income and $1 or more of other income.

You can check if you need to lodge an income tax return, by referring to Do you need to lodge a tax return? 2013.