
"To claim a deduction you must have spent the money yourself and were not reimbursed from another source."
"Some items, such as private health insurance information, are only partially pre-filled so be sure to check that all questions have been answered."
More than 15 million Australians will file tax returns this season, with a significant portion relying on accountants while others use the MyGov system. The Australian Taxation Office (ATO) pre-fills certain income information, but taxpayers need to ensure accuracy and completeness, especially for income sources that may not be automatically included. The ATO investigates a large number of fraud tip-offs each week, highlighting the importance of honest reporting. Taxpayers should also keep thorough records of expenses for deductions, which should directly relate to income earned.
Read at The Conversation
Unable to calculate read time
Collection
[
|
...
]