Tax deductions
Opinion
Opinion
Nine ways to boost your tax return
With the cost of living on the rise, it is more important than ever to make sure you’re not paying more tax than you need to. Here are some of the top tax deductions available to help you to boost this year’s tax return.
- by Jessica Irvine
Latest
Opinion
Opinion
‘Invisible’ tax breaks for the well-off work like magic
All the spending on tax concessions for the rich tends to be ignored until someone decides to play around with a few of them.
- by Ross Gittins
Cost of tax concessions explodes as money flows into shares, property
Low interest rates and government stimulus, used to save the economy through COVID-19, have also blown out the cost of major tax concessions.
- by Shane Wright
Opinion
Tax time
Why 2020-21 could provide your biggest tax refund yet
Unprecedented working-from-home tax deductions plus tax cuts offered by the federal government mean more than half of taxpayers can expect their biggest tax refund this year.
- by Joel Gibson
Opinion
Opinion
Tax tips: How to maximise your working-from-home deductions
There are three potential methods to calculate your working-from-home tax deductions. Here’s how to figure out which is best for you.
- by Jessica Irvine
Oils ain't oils ... for tax purposes
As the Morrison government dealt with the fallout from the coronavirus pandemic, it also had to close a tax loophole for recycled oil.
- by Shane Wright
Opinion
Opinion
How to avoid costly tax deduction mistakes
The perfect storm of the coronavirus is likely to bring your biggest tax refund yet but pay attention to detail.
- by Olivia Maragna
Exclusive
Negative gearing
Landlords tipped to claim billions more in tax losses as homes sit vacant
Australia's 2 million landlords will miss out on billions of dollars in rental income over the next two years as tenants struggle to pay, with housing market researchers suspecting many more property investors will claim a financial loss.
- by Jennifer Duke
Work-related expenses: Tax time 2020
The ATO's video highlighting important changes to work-related expenses and deductions this tax time.
Explainer
Working from home
What can (and can't) you claim on tax if you're working from home?
Deluxe stationery? The cost of Zoom calls? Depreciation on your dining-table 'desk'? What deductions can you claim for working from home during the pandemic?
- by Jessica Irvine
Exclusive
JobKeeper
Employers could dock staff pay to claw back incorrect JobKeeper payments
Businesses that claim the JobKeeper payment incorrectly would be forced to repay the money and could then claw back the money from their employees.
- by Caitlin Fitzsimmons