Tax Refunds: 87% Have Been Processed

Tax Refunds: 87% Have Been Processed

The ATO isn’t quite giving us weekly updates on how refund processing is going, but not much seems to have changed since last time. For the current year, 5.57 million returns have been received, 4.87 million have been finalised, and 4.33 million have received refunds. The total refund pool is $10.24 billion, which means the average is $2366. Don’t spend it all at once. [ATO]

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