Deductions Allowed in Income Tax Return Lodgement
The ATO is centred around helping citizens get their deductions right, but at the same time they’re watchful for warnings that distinguish individuals who are doing the wrong thing. Here’s a list of deductions you usually can’t claim on your tax return.
- Travel between home and work – which is generally considered private travel.
- Car expenses – unless you are transporting bulky tools or equipment
- Car expenses – that have been salary sacrificed.
- Meal expenses – unless you were required to work away from home overnight.
- Private travel – including any personal travel portion of work-related travel.
- Everyday clothes – you bought to wear to work
- The cost of laundering eligible work clothes – unless you can show how you calculated the cost.
- Higher Education Loan Program – contributions charged through the HELP scheme.
- Self-education expenses – where there is no direct connection to your current employment.
- Phone or internet expenses – that relate to private use.
- Tools and equipment that cost more than $300 – however, you can depreciate the cost over a number of years.
For more information on Etax, myTax ATO, myGov and online tax return, please contact us at 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au
