Why is my 2023 tax refund so low?

Millions of tax returns are lodged every year – and for majority of taxpayers the best part of the process is the possibility of getting a refund. The tax refund for returns lodged via tax agents is higher compared to tax refund for self-preparers. Put simply, tax agents are better suited and qualified to do tax returns.

Due to change in legislation this year, many taxpayers will now receive significantly lower refunds or may even have to pay compared to previous tax years. If this includes you, you might want to know some of the reasons for this change and what you can do about it, now and in the future.

Tax rules change every year, and these changes can sometimes increase or decrease your potential refund. It is important to stay on top of these changes, which is a key reason why it pays to make sure you get expert assistance when it comes to lodging your tax return.

At Expert Tax our experienced tax accountants know all the latest rules and changes, so they can help you get the maximum possible refund every time or reduce your tax liability in best feasible way using legitimate tax reduction strategies.

Reasons why your tax refund in 2023 might be lower than previous years:

Working with a qualified and experienced tax agent is the number one way to ensure you claim every deduction you are entitled to at tax time.

Our team at Expert Tax will ensure you claim all legitimate tax deductions you are entitled to, that will help you to secure maximum refund or reduce tax liability.