What Can I Claim At Tax Time In Australia

In Australia, there are many items you can claim during tax time depending upon multiple factors. Below, we explain some common tax deductions that may be able to be made for you this tax season.

Donations:

The amount you can claim depends on the type of gift. For gifts of money, it is the amount of the gift, but it must be $2 or more paid to a deductible gift recipient (DGR). A tax deduction for most gifts is claimed in the tax return for the income year in which the gift is made.

Mobile Phone Usage:

If you use your own phone or internet for work purposes, you may be able to claim a deduction if you paid for these costs and have records to support your claims.

Accountant Fee’s:

You can claim a deduction for expenses you incur in managing your own tax affairs, including:

• Preparing and lodging your tax return and activity statements

• Travel, to the extent it is associated with obtaining tax advice – for example, the travel costs of attending a meeting with your accountant.