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I Tax offset refunds

Information on calculating tax offset refunds.

Last updated 5 August 2024

Is the amount at T3 Subtotal less than the amount at E Refundable tax offsets?

No

Write 0 (zero) at I. Go to K.

Yes

Read on.

Take T3 Subtotal away from E Refundable tax offsets. Write the result at I.

See the examples at T5 Tax payable showing the calculation of I Tax offset refunds.

T5 is mandatory. If you leave T5 blank, you will have specified a zero amount.

Continue to: K PAYG instalments raised

QC64911