Filing tax return for 07-08 (1 Viewer)

[davidbarnes]

Can I file a tax return for 07-08 even though I didn't earn any money then (wasn't working)? The Daily telegraph (Sydney) today suggests that I can.

 

[spence]

Why would you want to?

 

[TehAzner]

Why would you want to?

Because you can get up to $950 from the $42 billion Rudd Stimulus Package. One of the conditions includes filling out a Tax Return Form by the end of June.

 

[iamsickofyear12]

Because you can get up to $950 from the $42 million Rudd Stimulus Package.

Don't you have to of actually paid tax to be able to get that money?... not just have filed a tax return.

 

[wixxy2348]

Don't you have to of actually paid tax to be able to get that money?... not just have filed a tax return.

this.

 

[sf_diegoxrock]

Did it get passed?

 

[davidbarnes]

The Daily Telegraph (Sunday) says:

"Q: I am an 18-year old in my first year of work abd have not put in a tax return yet. What about me?" "A: You can still get the bonus if you put in a 2007-08 tax return before June 30 thsi year."

 

[Peartie]

yes, but that means you would have most likely been taxed in that financial year? Im pretty sure you'll actually have needed to be taxed to be eligible for the $950 (if its passed)

 

[katie tully]

If you didn't pay tax, no dice.

 

[bdude]

According to the ATO, if your taxable income (income less deductions) plus tax owed less any tax credits or offsets is >$0 then you are eligible.

So, if you earned $0 then your taxable income is $0, your tax owed would be $0 and you would have no credits or offsets making you ineligible for the $950.

 

[ambermorn]

Do you just need to be a taxpayer to receive the $950 dollars, or are there other conditions? I just thought the money was going to Centrelink recipients again so I've ignored the news.

 

[Peartie]

Do you just need to be a taxpayer to receive the $950 dollars, or are there other conditions? I just thought the money was going to Centrelink recipients again so I've ignored the news.

there was also money for low income earners (who arent necessarilly on Centrelink)

 

[davidbarnes]

So can I file a return?

 

[housah0lic]

guys question
i was taxed and i worked within the 07-08 financial year
i just haven't filed a tax return.

i d/l the e-tax program. and it said i needed to be over18?
so idk.

 

[katie tully]

idk, you can file a tax return at any age if you've paid tax, but maybe before 18 you have to get a parent to do it
idk i never had this problem

 

[ambermorn]

there was also money for low income earners (who arent necessarilly on Centrelink)

Brilliant, thank you.

 

[spence]

guys question
i was taxed and i worked within the 07-08 financial year
i just haven't filed a tax return.

i d/l the e-tax program. and it said i needed to be over18?
so idk.

No I'm pretty sure you can still do it. When I did it when I was 15, it just said: age is under 18, check that its okay. Then just clicked ok, and it was fine