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Getting Ready for Tax Time

15 Jun 2017 Cannington 0 Comment

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As we draw near to the end of the financial year, it is time again to get your affairs in order for 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.

Follow the links below for specific deductions you can claim:

Follow the link to the Australian Taxation Office website to find out all the information about what you can claim and what records you need to keep.

 

LINK:  Individuals Income & Deductons – deductions you can claim

source: ato.gov.au

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