Deduction

Tax deductions and working from home during COVID-19 | AMP Capital

Tax deductions and working from home during COVID-19 Did you know that one in three employees claims a tax deduction for work expenses for work done away from their employer’s workplace? With the explosion in the numbers of people now working from home due to COVID-19, the situation has changed significantly. The ATO says that in the past, claims for ‘home office’ expenses were relatively small for work occasionally done at home, such as at …

FinancialPartners 09/04/2020 09/04/2020 Blog / E - Economics / E - Insights Papers / E - Market Update / E - Oliver's Insights / FP - Financial Planning claims / Deduction / done / employees / expenses / Know / that / Three / Work

Work expenses – what can you claim on tax?

Work expenses – what can you claim on tax? With the ATO keeping a close eye on deductions, make sure you’re across what you can and can’t claim. If you’re claiming back some of the money you’ve spent as part of your job this year, it’s a good idea to ensure you’ve kept the appropriate records that may be required ahead of lodging your tax return. The Australian Taxation Office (ATO) said recently Aussies needed …

FinancialPartners 07/06/2018 20/08/2018 Blog / FP - Taxation claim / Deduction / deductions / expenses / expenses are related to work / expenses are related to work and personal use / legitimate / legitimate deduction / personal use / Tax / Tax time / Work / Work expenses - what can you claim on tax?

Five tax deductions to know about

Five tax deductions to know about You’re probably well aware you can claim a tax deduction for general work-related expenses. But did you know you may be able to claim if: 1. You take a course or study. You may be able to claim a portion of self-education expenses if it’s related to your ability to earn an income. 2. You travel to inspect your investment property. You may be able to claim for expenses …