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Why your 2023 tax refund is less than you expected

The low and middle income tax offset (LMITO) were tax offset in the 2019 to 2022 income, they helped reduce the tax you needed to pay in those income years. Unfortantely LMITO ended on 30 June 2022. This means it doesn't apply for the 2022–23 income year. Your tax return outcome may be different this income year. You may have a lower refund (less than when LMITO was available) or you may receive a tax bill.



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