2025-26 Tax Return
What changed this year

Start when your main records are ready. PAYG clients expecting a refund often benefit from starting once income statements and deduction records are available. ABN, rental, investment, crypto, and business clients can start the form and add documents as they become available.

General interest charge and shortfall interest charge incurred on or after 1 July 2025 are generally not deductible in 2025-26 or later tax returns. If you have ATO debt or a payment plan, send the notices so we can review the timing correctly.

A tax bill is not a reason to avoid lodging. Lodging lets the ATO assess the correct amount. If payment is difficult, a payment plan may be available, but interest can still apply and future tax obligations still need to be kept up to date.

Payment plans can spread a tax debt over weekly, fortnightly, or monthly instalments. The ATO still expects ongoing lodgments and new tax debts to be paid on time. Income tax and activity statement debts may need separate payment plans.

No. ATO tax debts on payment plans can continue to accrue general interest charge, which compounds daily. Paying over the shortest practical period usually reduces the interest cost.

No. The ATO says the proposed standard deduction for work-related expenses, also called the $1,000 instant tax deduction, does not apply to the 2025-26 return.

For most resident individuals, the ATO resident tax-rate table for 2025-26 is the same as 2024-25. The Medicare levy, Medicare levy surcharge, HELP or study loans, offsets, deductions, and pre-fill data can still change the final result.

From the 2025-26 income year, compulsory study-loan repayments use marginal repayment rates. The first threshold is $67,000 repayment income, and repayment income includes more than taxable income, such as reportable fringe benefits, net investment losses, reportable super, and some foreign income.

The ATO fixed-rate method is 70 cents per work hour for 2025-26. You still need records of hours worked from home and supporting expense records. Some expenses covered by the fixed rate cannot be claimed again separately.

Send rental income, agent statements, loan interest, council and water rates, insurance, repairs, body corporate, depreciation or capital works schedules, and details of private use or days not available for rent. Holiday homes and short-term rentals need extra care around apportionment.

Tell us early and upload buy and sell dates, cost details, sale proceeds, broker or exchange reports, settlement statements, and any related expenses. Crypto records should include each transaction, AUD value, exchange records, wallets, and fees.

Yes, if you held private health insurance. Private health rebate and Medicare levy surcharge outcomes can depend on income, family status on 30 June, spouse details, and dependants.

Upload income reports, invoices, receipts, bank CSVs, business expenses, GST/BAS records if registered, motor vehicle records, private-use percentages, asset purchases, finance documents, and any subcontractor or PAYG withholding details.

After you submit the secure form, the Numberz team reviews it and contacts you within around 24 hours if anything else is needed before finalising your return.