this post was submitted on 09 Jul 2023
8 points (100.0% liked)

AusFinance

985 readers
1 users here now

founded 1 year ago
MODERATORS
[email protected]
[email protected]
8
Why do I owe money to the ATO? (aussie.zone)
submitted 1 year ago by [email protected] to c/[email protected]
9 comments fedilink hide all child comments
 

I just completed my tax on my gov and the estimate says I owe nearly a thousand dollars. I'm not earning any more than last year and I got about 800 back last year. Anyone else having this issue?

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 year ago

The obvious answer is you haven't paid enough tax. Perhaps your employer isn't withholding quite enough tax from your pay?

If that turns out to be the answer, and your total owed is around $1k, I wouldn't personally correct that with my employer. I'd prefer to have the use of that $1k throughout the year and pay the ATO what I owed at the end.