Today we’re answering an age old question: what can I claim on tax?
As registered tax agents based in Strathalbyn in South Australia, we’re often asked about the deductions you can make when completing your tax return.
When completing your tax return, you're entitled to claim deductions for some expenses, most of which are directly related to earning your income.
To claim a work-related deduction:
If the expense was for both work and private purposes, you can only claim a deduction for the work-related portion.
The ATO provides a range of advice for specific deductions you can claim:
There are also a number of deductions you can make which are often forgotten about. Interested? Contact us to get more information. We’d love to help you with your tax return this year. Get in touch now via firstname.lastname@example.org for a friendly, no obligation chat.