Ok so DH and I got our tax done on the weekend (finally haha) and our tax refunds are minimal (ie, I got $13 back, and DH got $39 - not even enough to pay the tax guys fees!)
So he worked out my income and since the business had made a huge loss the previous tax year, he took it off my actual income, so I ended up just having a taxable income of just over $1300 for the whole year (yay, go me!)
So I told the FAO our estimates when I was still working (and I finished last august) and I said I was on around $22,000, and then when we moved down here, I rang them in around.. ummm... sep/oct? and told them that my income was $4000.
So is it still classed as over-estimating even if you did earn a little bit, but was changed by a loss from a business? If that makes sense?
And if it is classed as overestimating - does that mean I'll get something back from the FAO?
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