Example Refund
On the main screen of the Application, under certain conditions, you may see an average tax return amount.
Refunded utilizes data from the ATO to calculate the average tax return based on the following information you provided
- Occupation
- Age (approximate)
- State Location
Please note: The average shown is based on data from 2 years prior and is only a guide to help you understand the averages of similar occupations, age and locations and what they have received. Each person’s tax return is unique and this figure is intended to help you think about your options when storing receipts for future deductions.
This is a guide only and personal circumstances will alter this figure as you add deductions, in either a positive or negative amount. A more accurate calculation will be provided once verifying yourself within the app.