Full Reels Mode for Tax
Your tax return is
more than one number.
An illustrative estimate — not affiliated with or endorsed by the ATO, and not a substitute for myTax or a registered tax agent.
Pick how deep you want to go
Detailed estimate opens a separate, thorough walk-through covering multiple income sources, rental properties, capital gains, sole trader income, and itemised deductions.
Every income stream, flowing into one total
Enter annual amounts. The total updates as you type.
Total assessable income
$85,400Tap the deductions that apply to you
Every amount is editable — replace the suggestions with what you actually spent, or add your own category. Only claim expenses you actually incurred and can substantiate.
Ledger — locked deductions
Assessable income
$85,400Taxable income
$85,400Only the income inside each band is taxed at that band's rate
Taxable income of $85,400 travels through the brackets below.
Gross tax
$16,408Marginal rate
30%Effective rate
21.2%Your marginal rate applies only to your next dollar earned — your effective rate is what you actually pay across all your income.
Every component that shapes your final result
Medicare levy and study-loan repayments are shown separately from income tax, as they are calculated under different rules.
Final tax liability
$18,116Of your $85,400 assessable income, $18,116 went toward income tax, Medicare and any study loan repayment. You had $19,500 already withheld during the year, leaving an estimated refund of $1,384.
Your money, traced through the year
Your year's income
The tax office takes its share
But you already paid some of this along the way
What's left is yours
Your estimated refund
$1,384Based on the information entered, a reasonable estimate range is $1,184–$1,584. Calculated from sourced ATO rates and thresholds for this income year — but this is still an estimate based on simplified Simple Mode inputs, not a lodged or assessed return.
Taxable income
$85,400Total tax
$18,116Tax withheld
$19,500Not affiliated with or endorsed by the ATO. Not lodged, assessed, or final — verify through myTax or a registered tax agent.
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Estimated refund: $1,384
Projection Lab
Adjust the levers below to see how a real change would move your estimate — every number here is recalculated through the same ATO-sourced engine as the rest of your estimate, not a rough approximation.
Refund / amount payable
$+0 vs baseline
Baseline
$85,400Scenario
$85,400Baseline
$18,116Scenario
$18,116Baseline
$+1,384Scenario
$+1,384Scenario totals move by $$0 on the refund/payable line versus your current estimate — an illustration only, not a lodged or assessed return.
Every number, explained
Curious why? Here’s the full breakdown below.
The same figures behind your estimate — reworked into a step-by-step, sourced audit trail. This is the same explainability view used in Complex Mode, so nothing here is simplified for the sake of the reel.
How this was calculated
Every step the engine performed, in order. Expand a step to see the formula, the inputs used, and the policy source behind it.
Total assessable income$+85,400
Formula
Sum of salary, interest, dividends, net rental income, and other assessable income, floored at zero.
Inputs used
- Salary
- $85,000
- Interest
- $400
- Dividends
- $0
- Rental net
- $0
- Other assessable income
- $0
Total deductions$+0
Formula
User-supplied deductions, floored at zero.
Inputs used
- Deductions
- $0
Taxable income$+85,400
Formula
Total assessable income minus total deductions, floored at zero.
Inputs used
- Total assessable income
- $85,400
- Total deductions
- $0
Gross income tax$+16,408
Formula
Sum of marginal tax payable in each bracket segment applied to taxable income.
Inputs used
- Taxable income
- $85,400
- Bracket count
- 5
Tax offsets$+0
Formula
Low income tax offset-style taper applied against taxable income, then subtracted from gross income tax (floored at zero).
Inputs used
- Taxable income
- $85,400
- Gross income tax
- $16,408
Medicare levy$+1,708
Formula
Flat rate on taxable income above the low-income threshold, with a shade-in taper near the threshold.
Inputs used
- Taxable income
- $85,400
Medicare levy surcharge$+0
Formula
Tiered surcharge on income-for-surcharge-purposes when no private hospital cover is held.
Inputs used
- Taxable income
- $85,400
- Has private hospital cover
- Yes
Study/training loan repayment$+0
Formula
Flat rate for the repayment-income band applied to the full repayment income, if the taxpayer has an study/training loan.
Inputs used
- Repayment income
- $85,400
- Has study loan
- No
Other liabilities and refundable credits$+0
Formula
User-supplied other liabilities and refundable credits, each floored at zero.
Inputs used
- Other liabilities
- $0
- Refundable credits
- $0
Final tax liability$+18,116
Formula
Tax after offsets, plus Medicare levy, Medicare levy surcharge, study/training loan repayment, and other liabilities, minus refundable credits, floored at zero.
Inputs used
- Tax after offsets
- $16,408
- Medicare levy
- $1,708
- Medicare levy surcharge
- $0
- Study loan repayment
- $0
- Other liabilities
- $0
- Refundable credits
- $0
Refund or amount payable$+1,384
Formula
Tax withheld plus PAYG instalments, minus final tax liability. Positive means a refund is owed to the taxpayer; negative means an amount is payable.
Inputs used
- Tax withheld
- $19,500
- Payg instalments
- $0
- Final tax liability
- $18,116
- Assumes Australian tax residency for the full income year.