I tried a few of these using the same information and got all different amounts!!
Clearly they are not overly accurate!!
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18-07-2013 14:17 #1
Online tax return estimators
18-07-2013 17:32 #2
have you used the ones on the ATO web site or actually downloaded etax and put all your figures in?
18-07-2013 19:44 #3-
- Join Date
- Jan 2011
Probably because tax laws and all the different entitlements, offsets and deductions are just a bit too complicated to calculate an accurate estimate from a calculator that just asks a few questions.
I would either use the ones on the ATO website or download eTax (from the ato website NOT etax.com.au) and punch in all your details and see what happens.
eTax will give the most accurate as it asks you everything......
18-07-2013 20:41 #4
Beware online estimators. Some of them are American and for America's system. Some of them are geared to take into account deductions that you may be entitled to be are most likely not actually entitled to (like job specific deductions etc) simply to make you think you'll get more money if you lodge through them.
The best way to get an estimate is to use etax from the ato website. Whilst it isn't 100% accurate as your assessment still actually has to be processed, as long as you enter all the correct information it gives you the most accurate indication of what your return/debt will be.
18-07-2013 22:59 #5
Use the ato one.personally have found this fairly accurate in the past.
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