It’s not too late. Here are some last-minute strategies to cut a looming tax bill,or boost your return.
The basic rule of thumb is that if you have incurred an expense as part of your job,you can claim it as a tax deduction. However,some taxpayers stretch the patience of the Australian Taxation Office when they file their annual return.
With the cost of living on the rise,it is more important than ever to make sure you’re not paying more tax than you need to. Here are some of the top tax deductions available to help you to boost this year’s tax return.
All the spending on tax concessions for the rich tends to be ignored until someone decides to play around with a few of them.
Low interest rates and government stimulus,used to save the economy through COVID-19,have also blown out the cost of major tax concessions.
Unprecedented working-from-home tax deductions plus tax cuts offered by the federal government mean more than half of taxpayers can expect their biggest tax refund this year.
There are three potential methods to calculate your working-from-home tax deductions. Here’s how to figure out which is best for you.
As the Morrison government dealt with the fallout from the coronavirus pandemic,it also had to close a tax loophole for recycled oil.
The perfect storm of the coronavirus is likely to bring your biggest tax refund yet but pay attention to detail.
Australia's 2 million landlords will miss out on billions of dollars in rental income over the next two years as tenants struggle to pay,with housing market researchers suspecting many more property investors will claim a financial loss.
The ATO's video highlighting important changes to work-related expenses and deductions this tax time.