Australian Tax Refund Calculator
Brought to you by TaxTank – Australia’s first automated smart tax calculator software to ensure you claim everything you are entitled to without worrying that you’re making a mistake or missing out.
Australian Tax Refund Calculator
Calculate your potential tax refund or amount payable using your salary, other income, deductions and tax already withheld. Enter annual amounts in Australian dollars.
For adults who are Australian tax residents for the full year, single with no dependants. Family, pensioner and Medicare exemption rules are not included.
What this calculator includes
Resident individual income tax, low income tax offset (LITO), standard single-person Medicare levy, Medicare levy surcharge for your stated hospital cover, HELP repayment and tax payments entered. Reportable super and investment losses affect income tests, not the surcharge base. Calculations use annual whole-dollar income figures; outputs show cents and may differ from ATO assessment rounding.
It does not calculate GST, business-loss eligibility, the small business income tax offset, SAPTO, family reductions, Medicare exemptions, foreign tax offsets, private health rebate adjustments, special lump sums, FHSS adjustments or other study loan types. This calculator does not determine whether business or investment losses can be deducted. Only enter amounts eligible for inclusion in your taxable income. Personal services income and special tax rules may change your outcome.
2026–27 Medicare low-income results are provisional and use the latest published threshold. Sources checked 12 October 2026.
- Live Bank Feeds
- Automated Transaction Allocation
- No More Guessing
- Live Tax All Year Round
Important Tax Deadlines
For all incomes earned between 01 July 2025 – 30 June 2026.
Tax returns can be lodged from 01 July 2026. You can prepare early with TaxTank so you know exactly what’s going on ahead of time.
For all incomes earned between 01 July 2024 – 30 June 2025.
Tax returns are now OVERDUE.
You can use TaxTank to get up to date and lodge with our partner accountants.
Tax returns are OVERDUE.
You can use TaxTank to get up to date and lodge with our partner accountants.
How TaxTank works
Built by Accountants, there are multiple Tanks that act like digital containers to organise your different incomes, expenses, properties and investments whilst securely storing receipts and documents year after year to protect against audit from the ATO.
When you allocate income and expense items from live bank feeds, you’re managing your tax and you can see your adjusting tax position in real time. A live tax calculator at your fingertips all year round!
- Property Tank - Manages your whole property portfolio
- Work Tank - Manages your work income and expenses
- Sole Tank - Manages your sole trader income and expenses
- Holdings Tank - Monitors your shares, crypto and other assets
- Spare Tank - Secures your important documents and receipts
Don't pay for more your tax return than you need to
Why pay over $100 just to lodge your tax return that you have to prepare yourself? With TaxTank you can pay as little as $95 for the whole year and get all this:
- Attach receipts to expenses for safe keeping
- Live Bank Feeds to maximise your deductions
- Live Tax, Cash & Equity Forecasts to see what refund you could be getting year round
- Monthly Budget Planner for visibility on where your money goes
- Permanent Document Storage for important documents
- Home office hours recorder to ensure no hours are missed
- Vehicle logbook to show you which claim method is most tax efficient
- Plus so much more!
What our customers are saying about us
The online support has been phenomenal, thank you Nicole. Everything was explained to me in an easy to understand manner.
It's a breeze to navigate and that's coming from someone who's genius zone is with people not on computers. I recommend them to everyone.
Frequently asked questions
TaxTank has been built as a modular system so you only pay for what you need. Starting from just $6 per month, you can start with any Tank that suits your needs and then add more as your financial situation requires.
It only takes a few minutes to get your bank feeds set up and to add in your details. There is a simple checklist to follow to help you get set up as quickly as possible too!
Not at all, that’s why we have come the rescue. Tax has always been so boring and convoluted, we have broken it down into cool software that is super easy to follow and understand. We also have a bunch of support videos and articles available should you need help with anything.
We partner with Basiq, one of Australia’s largest providers of Open Banking, so we now have access to over 180+ banks. As more come onboard with the Open Banking protocols, they will automatically get added to TaxTank.
Yes! The rules say expenses relating to preparing and lodging your tax return and activity statements include the costs of purchasing software to allow the completion and lodgement of your tax return. You must apportion the cost of the software if you also used it for other purposes.
If you’re talking about our built in smart tools, yes! If you’re talking about document retention, yes! If you’re talking about data integrity, yes! We take the rules and make them simple.
OMG no, the sooner the better! If you start later in the tax year you can easily import earlier bank account transaction to ensure nothing is missed.
You bet ya, we have an onboarding checklist to help you get started. Plus there are loads of video tutorials and support articles available directly in the help section. Don’t worry, we have thought of everything.
TaxTank officially starts from the 2020-21 financial year so you can most certainly go back and add data from those years if needed.
You can also add as many documents you want to from previous years to cover all bases.
The quick amswer is yes. You can read more about how they do this in our blog article ‘Can the ATO access your bank account’.