Watch What you possibly can and might't declare in your tax return in line with the ATO | ABC Information ABC Information (Australia) YouTube Information Video
Australians are being warned this tax time to not double dip on working from house claims, be sure they’ve detailed information of bills and to not lodge their tax returns to early. Annually, about 9 million Australians declare about $25 billion value of work-related bills, many regarding working from house. The common declare final monetary yr was about $3,000. ABC enterprise reporter Nassim Khadem talks to ATO Assistant Commissioner Rob Thomson about what you possibly can and might’t declare this tax time.
Editor’s observe: Within the video ATO Assistant Commissioner Rob Thomson says that “you possibly can declare 87 cents per kilometre you journey for work”. He meant to say 85 cents per kilometre.
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