The ATO refunds billions of dollars each year, so how much should I expect to get back?
The Australian Taxation Office (ATO) refunds billions of dollars to over three quarters of all taxpayers annually, but it takes a little effort to ensure you get as much tax back as you can. But while Australian taxpayers receive on average around $2,500 in tax refunds annually, there’s no guarantee two people earning the same income, will receive the same tax refund.
That’s because many Australians fail to maximise their tax deductions they’re legally entitled to, and even worse, ATO estimates around 200,000 taxpayers who failed to lodge tax returns last year, would have received a refund.
Source: https://www.ato.gov.au/Media-centre/Media-releases/Are-you-missing-out-on-a-tax-refund-/
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