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How to claim deductions for work-related expenses
Posted by Team AVS on 26 Feb, 2025 0 CommentsHow to claim income tax deductions for work-related expenses and other expenses, and record your deductions.
How tax deductions work
You can claim some of your expenses as deductions in your tax return.
The expenses you can claim are mostly related to earning your income, but there are a few (such as donations) that aren't related to earning income.
Deductions reduce your taxable income.
It works like this:
your assessable incom
The ATO is warning the community to be alert for potentially dodgy tax schemes which are spreading online, including through social media.
Acting Deputy Commissioner Sarah Taylor is urging individuals to be wary of online promotion of tax schemes promising to significantly reduce or avoid tax altogether.
‘Sometimes tax schemes can be peddled as investment schemes. We don’t want to see honest people lured into unlawful tax schemes with f
Acting Deputy Commissioner Sarah Taylor is urging individuals to be wary of online promotion of tax schemes promising to significantly reduce or avoid tax altogether.
‘Sometimes tax schemes can be peddled as investment schemes. We don’t want to see honest people lured into unlawful tax schemes with f
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