Australians are being urged not to miss this year’s tax return deadline, with the Australian Taxation Office warning that late lodgements could result in penalties of up to $1,820. The maximum fine has increased this year, making delays even more costly.

Under the ATO’s failure-to-lodge rules, penalties increase the longer a tax return remains overdue, while taxpayers who also owe money may face additional interest charges on unpaid amounts.

Tax experts say Australians experiencing exceptional circumstances should contact the ATO as soon as possible, as penalties may be reduced or waived in genuine cases.

The warning comes as the new financial year begins, with the ATO also reminding taxpayers not to rush their returns and to ensure all income and deductions are reported accurately before lodging.

Authorities are encouraging Australians to lodge on time, keep accurate records and seek professional advice if needed to avoid unnecessary fines and delays.