The January Tax Step Most Australians Forget (ATO 2026)
- Most Australians think tax prep starts when filing opens—but key ATO steps should be done earlier.
- Waiting until tax time can mean missed deductions, delayed refunds, or account issues.
- A small amount of preparation before January can make the 2026 tax return smoother.
For many Australians, tax preparation is something that starts in July. But by the time tax season officially opens, some of the most important preparation steps are already late.
Heading into 2026, the ATO continues to rely heavily on pre-filled data, linked accounts, and automated checks. That makes early preparation more important than ever—especially for people with multiple income sources or deductions.
Why “Now” Matters Even Before Tax Time Opens
Search interest around ATO preparation begins well before lodgement opens because Australians are trying to avoid the same issues they faced last year: delays, missing information, and unexpected adjustments.
- Pre-filled data takes time to update.
- Incorrect details can slow refunds.
- Fixing problems early is easier than correcting lodged returns.
This makes late December and early January an ideal preparation window.
The 3 ATO Tax Prep Steps Many Australians Miss
1. Checking Your myGov and ATO Account Details
Outdated contact details, bank information, or linked services can delay refunds or cause missed notices.
Before January, it’s worth confirming:
- Your bank account details are current.
- Your myGov account is properly linked to the ATO.
- You can access your inbox without issues.
2. Organising Records for Deductions Early
Receipts, work-related expenses, and other records are easiest to organise while the year is still fresh.
Waiting until tax time often means forgotten expenses or incomplete records.
3. Reviewing Income Sources That May Not Pre-Fill
Not all income appears automatically in ATO pre-fill reports—especially side income, gig work, or investment-related earnings.
Identifying these early reduces the risk of amendments later.
Who Benefits Most From Early ATO Preparation
- People with multiple income streams
- Contractors and side-hustlers
- Taxpayers claiming work-related deductions
- Anyone who experienced delays last year
Example: Fixing bank details in January can prevent refund delays later in the year.
Common Mistakes That Cost Time or Money
- Assuming pre-fill data is always complete.
- Leaving record-keeping until July.
- Ignoring ATO messages until lodging time.
- Using outdated personal or bank details.
How This Fits Into Smarter 2026 Planning
Early preparation doesn’t mean lodging early—it means being ready. That readiness can reduce stress, shorten refund timelines, and lower the risk of mistakes.
For households watching cash flow, a faster and smoother refund can matter just as much as the amount itself.
Quick Q&A: ATO Tax Prep for 2026
- Q: Is it too early to think about tax in December?
A: No. December and January are ideal for preparation, even though lodgement opens later. - Q: Does early prep affect when I can lodge?
A: No. It simply makes the process smoother once lodgement opens.
Disclaimer: This article is for general information only and is not tax or financial advice. Tax obligations and preparation steps vary by individual circumstances.
