The deadline for Australians to submit this year’s tax return is fast approaching, prompting a warning from authorities.

Australians must lodge their 2022/2023 return by October 31, 2023 otherwise they could face a “stiff fine”.
Taxpayers have the ability to claim a range of working-from-home expenses and even a handbag if it has been used for work purposes.

The deadline only applies if a person is required to submit a tax return and if they choose to lodge it themselves without using a registered tax agent.

Most people who earn more than the tax-free threshold, currently at $18,200, are required to lodge a tax return.

Failure to submit a tax return results in a fine of one penalty unit (or $313) for every 28-day period that the tax return is overdue.