For thousands of people the dreaded tax time can be extremely concerning because filling out a tax return can be confusing and frustrating. However, this can be a very important document to fill out and something which you need to take seriously also. Most people though are often a little bit confused about who is eligible for refunds and who should be filling. It is very troubling and something which most have difficulty with. So, should you file a return if you don’t have any income?
If You Earn You Have To File
It can be very unclear about who needs to fill out a tax return and it has caused a lot of trouble. However, you should now know that if you earn money you will need to file in Australia. Every country has their own rules about this and certain limits as well so you will need to double check on these matters. Usually if you earn a few thousand dollars you will need to file. However, there may be a few exceptions depending on your circumstances. Now, this is hard to find out because the rules change often but usually if you earn over a certain limit you will need to file a tax return.
You May Not Be Eligible For A Tax Refund
Even if you earn money throughout the year and file a return, that doesn’t automatically entitle you to a refund. Now, this can … [Read the rest]