Tax Refunds: Average Refund Now $2261 Tax Refunds: Average Refund $2458, Processing Looking Challenged 
Lifehacker's Complete Tax Week 2011 Coverage 
What New Rules Do You Need To Know For Your 2011 Tax Return? The Tax Office Is Cracking Down On Working Holiday Deductions Can I Salary Sacrifice My Laptop? The latest update on tax return processing from the Australian Taxation Office suggests more of the same: the average refund is $2317 and almost two-thirds of people are getting a refund. Nonetheless, it seems some people are trying too hard.
Good news in the latest update from the Australian Taxation Office (ATO): more than 90% of people whose 2010-11 returns have been processed have got a refund. Slightly less good news: only 60% of the returns submitted have been processed.
Since July, more than 2 million Australians have submitted their 2010-2011 tax return. If you’re one of them, right now there’s pretty much a 50% chance the Australian Taxation Office has actually processed your refund.
The Australian Taxation Office has a stated goal of processing 94% of electronically submitted returns within 14 days of receipt. While it has issued one billion dollars in total refunds for the 2010-2011 , it might still have trouble reaching that goal.
When the ATO issued its first update on tax return processing for 2011, its figures suggested the average refund that people were receiving was a measly $8.38. As more returns get processed, that figure has changed dramatically.
One of the main points of contention about the proposed carbon tax is the amount of money it will cost individuals once those big-business expenses are passed on to consumers. Few people are enthusiastic about paying even a cent more in tax, but the reactions to this week’s announcement do sometimes seem out of proportion to the amounts involved.
Last year, IT upgrades meant that many of first people to file their tax returns had to wait weeks for a refund. This year, the Australian Taxation Office (ATO) says it is on track to begin issuing refunds from July 14.
We shared a heap of tax return tips last week, but one of the most important things you can do to ensure a speedy return is to make sure you get your name and address right.
All this week, we’ve been offering tips for getting ready for submitting your 2010-2011 tax return. Here’s the complete collection for easy access and reference.
We know it: no-one enjoys doing their tax. However, these four simple steps can make the process of filling and filing your tax return a bit less hassle and ensure you get the maximum refund you’re entitled to.
