Tax Deductions Tax Advice: 2024 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates A Simple Guide to Understanding Depreciation Depreciation is used for claiming expenses over $300Depreciation is used for claiming expenses over $300How 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 lady wondering when she can claim her property investment expensesFind 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. A Simple Guide To Tax Deductions in Australia Tax Deductions 101What is a tax deduction? 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. Tax deductions include work-related expenses like the costs of buying uniforms, tools and travel […] Actual Cost Method Young smiling man relaxing using laptop computer working and video conference meeting at home.Young smiling man relaxing using laptop computer working and video conference meeting at home.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 […] Claiming Work From Home Tax Deductions Working from home tax deductions. Image of a home office with computer on desk with stationary.Working from home tax deductions. Image of a home office with computer on desk with stationary.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. However, it’s important to note that how you work from home impacts on whether you can claim home office expenses. […] Save Receipts and Deductions to Fast-Track Your Next Tax Return Young woman taking photos of receipts with her phoneYoung woman taking photos of receipts with her phoneThe 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) Piggybank wearing medical mask in children`s handsPiggybank wearing medical mask in children`s handsIt’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 Claiming laundry expenses on your tax returnClaiming laundry expenses on your tax returnDo 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 How to claim tax deductible charity donationsHow to claim tax deductible charity donationsWhen 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? Etax: Deduct Your Work Related Travel ExpensesEtax: Deduct Your Work Related Travel ExpensesLet’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! Young woman sitting in front of a computer smilingYoung woman sitting in front of a computer smilingUp-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? Young couple looking at receipts in front of a computerYoung couple looking at receipts in front of a computerWith 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 doing tax return on a phonedoing tax return on a phoneWhat 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 […] We’ve Made Your Tax Return Even Easier Etax make your tax return easier by adding time saving featuresEtax make your tax return easier by adding time saving featuresHere at Etax, we know you have better things to do than your taxes, so we want to help you get them done FAST! We listened to your feedback – and we’ve given you just that – a way to do our tax return even faster! Use the ‘Any Other Questions’ section in our tax […] The Top 5 Forgotten Tax Deductions Forgotten tax deductionsForgotten tax deductionsNow is a great time to discuss tax deductions – especially the ones too many people miss out on We surveyed our senior accountants and asked them: What are the top 5 forgotten deductions on individual tax returns? – that is, deductions people can claim, but often forget or don’t know about. We’ve compiled the […] Page 1 Page 2 Page 3 Interim pages omitted … Page 5 Go to Next Page »

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