Overcome Tax Stress and Get Your Return Lodged

This avoidance can add unnecessary stress, particularly during a cost-of-living crisis, when people are already under pressure.

There are several reasons why preparing a tax return can feel overwhelming. Some worry about making mistakes or owing money to the Australian Taxation Office (ATO). Others find navigating online systems such as myTax confusing.

Concerns about bills, debts, or uncertainty about a potential tax bill can trigger symptoms such as poor sleep, fatigue, irritability, headaches, or trouble concentrating. The combination of financial anxiety and administrative burden makes tax time one of those tasks that’s easier to avoid.

Individual tax returns for the 2024/2025 financial year are due by 31 October. However, if you’ve fallen behind on previous years, it’s important to act quickly. The longer you delay, the more likely penalties and interest charges will build up.

If you anticipate owing money, the ATO is generally willing to work with you. They offer payment plan options, and support resources for people experiencing hardship. Importantly, the ATO tends to focus on whether you come forward, rather than whether everything is perfect from the start.

Completing a task you’ve been putting off not only brings relief but also removes the mental burden weighing you down. To make next year smoother, consider setting reminders, storing receipts throughout the year, and seeking professional help if tax time repeatedly becomes overwhelming.