ATO Hit List – Tax Facts

The ATO has provided a set of straightforward guidelines to ensure the accuracy of your claim for work-related expenses:

• The expense must have been incurred during the year for which you are making the claim.
• The expense must be related to work and not personal in nature.
• Merely receiving an allowance from your employer does not guarantee you a deduction.
• If your total claims exceed $300, written evidence is required.

Note: This information is for general guidance only and may not suit your individual circumstances. Please consult a qualified professional before taking action.

 

 

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