If you’re an employee who works from home, you’re probably using things like your phone, internet, and electricity. These are considered work from home tax deductions that you could potentially claim on your tax return.
Tax Deductions
Tax Advice: 2024 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
Work related car expenses: what can I claim on my tax return?
The ATO has rules for how to calculate car deductions. Find out how new car deduction rules may affect you (and your tax refund).
Simple Ways to Improve Your Tax Refund
Here’s the most common question people ask us every year: How can I get a bigger refund and pay less tax?” Australians are always looking for ways to improve their tax refund. We’ll answer this common question with four easy ways to improve your refund… 1. Manage your tax receipts Keeping track of your receipts […]
A Simple Guide To Tax Deductions in Australia
A tax deduction is something you paid for, out of your own pocket, that can be listed on your tax return. Deductions can help reduce your taxable income, which boosts your tax refund at tax time.
A Simple Guide to Understanding Depreciation
How does depreciation work on your tax return Just the idea of depreciation seems complicated, but understanding it is crucial for those who own rental properties, run a small business or those who want to claim a tax deduction for work-related purchases over $300. For this reason, we’ve put together a very simple guide to […]
Etax Property Investment Tax Hub
Find out which property investment expenses can claim as tax deductions. Learn about depreciation, negative gearing, Capital Gains Tax and more.
The Etax Investment Property Tax Hub has everything you need to know about owning, renting and selling an investment property.
Actual Cost Method
The Actual Cost Method is one of two methods available to taxpayers to claim their work from home expenses. As opposed to the fixed cost method where you claim 67c per hour worked from home, the actual cost method involves claiming the actual cost you incurred for items like phone, internet and electricity while working […]
Save Receipts and Deductions to Fast-Track Your Next Tax Return
The best way to tackle next year’s tax deductions is to save ALL your tax receipts – but that’s not always easy. Did you get to tax time this year and wonder where your other expenses have gone? It’s SO annoying when you realise you can’t claim back the hard-earned cash you spent on work-related […]
COVID Tax Deductions (And Other Changes To Your Return)
It’s no secret that the global COVID-19 pandemic changed many aspects of our lives and now that COVID appears to be here to stay, it’s time to learn what it means for your tax return. If you’re like the millions of other Australians who’ve had their work arrangements change, it’s important you understand how your […]
Ironing Out Laundry Expenses for Uniforms
Do you wear a uniform to work? If it falls into any of the categories we discussed in our uniform expenses post, you can also make a claim for the cost of laundering those uniforms. The way you calculate your laundry expenses will depend on your how you clean your uniform. We’ve created the following […]
How to claim tax deductible donations
When you give money to a charity, your gift is often a tax deductible donation Like many Australians, you might have a charity or cause that’s close to your heart. Tax deductible donations are a great way to give your tax refund a boost, while contributing to a worthy cause you care about. It really […]
Work related travel expenses – what can you claim?
Let’s explain how to turn work related travel expenses into dollars in your pocket at tax time. What exactly is a work-related travel expense? If you travel for work, any purchases you make related to that travel, can usually be claimed as a work related travel expense on your tax return. Of course, there are […]
Worried about job security? Up-skill to protect yourself!
Up-skilling to protect your existing job seems tough, but in recent years it’s become the norm across many industries. Plenty of jobs that used to be common just don’t exist anymore. When was the last time you saw a milkman doing the rounds? (Or, have you ever seen a milkman?) The flipside is that change […]
Property investors: Is your investment property tax smart?
With the ATO cracking down on investment property expense claims, making sure you’re ‘tax smart’ and in control of your finances is more important than ever. How do you keep your investment property expenses, taxes and finances in order? And how do you keep the ATO out of your hair? It all starts with good […]
How To Claim Tax Deductions Without Receipts
What deductions can I claim without receipts? Claiming expenses without a receipt can be risky, because the ATO is watching for false claims. But in some cases it’s okay to claim tax deductions without receipts! Let’s dig into this to ensure you maximise your refund AND avoid ATO troubles. Tax deductions are the best way […]
