How to maximise your Australian tax return

1. How to maximise your Australian tax return Posted on 26 October 2017 | 3 Comment(s) Work related expenses that can be claimed in order to maximise your tax back Being able to claim expense deductions when lodging a tax return is all well and good, but to maximise any tax refund, a person first of all needs to know what they are entitled to. This article will explain the typical types of expenses which any backpacker may choose to claim tax relief for when submitting a tax return. Ready to claim? Do It Now 1) Car & Travel expenses (work related) – note this will not include everyday trips between the workplace and home. This will include, for example, travel which was explicitly required as part of employment. So for example, if a person was asked to travel to a training course held at a totally separate location to their usual place of work, this could be claimed for. 2) Clothing, laundry and dry-cleaning expenses – must be work related, so for example, clothing with a company logo would qualify as protective clothing. 3) Self-education expenses – education paid for by an individual in order to obtain a work related qualification. There are certain criteria which need to be met – please follow this link for more details: https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/self-education-expenses/.

2. 4) Tools and equipment – an immediate deduction can be claimed for items costing $300 or less. 5) Internet and phone charges – please note that it is only the work-related proportion of these costs which can be claimed. 6) Cost of lodging a tax return – yes the pink cow fee is fully tax deductible! So there you have it – some useful details outlining the types of expenses you may be able to claim so you can maximise your tax refund. Claim Your Tax Now