Here are the things you should be thinking about to save more tax dollars (legally) and get the most from your tax refund. Get on the front foot with your financial year wrap up by blocking out some time in your calendar to pull together your tax information and estimate your tax return. Be aware you can prepare a draft tax return and hold off on lodging until just before the Australian tax office (ATO) cut-off, which can be as late as May next year. A chunky tax return can be a good opportunity to kick start your emergency fund, allowing you to move on to your next step to get ahead. Treat yourselfDoing really sensible things with your tax return is, well, sensible.