Number of tax deduction claims have been rising in certain categories over the past five years. So this year the tax office is keeping a close eye on certain work-related expenses. Tax Connect Accountant Amit Bhuta explains.
There has been a 20% rise in the number of claims for work-related expenses over the past five years, climbing to a value of $1.8 billion. So ATO is monitoring this year's tax deduction claims very closely.
Amit Bhuta talks about what can you claim in the following categories:
Laundry / Uniform
- Occupation Specific Clothing
- Protective Clothing
- Compulsory Clothing
Motor Vehicle Expenses :
- cents per km [Max - 5000 kms]
- Log Book Method
Telephone Expenses :
- Incidental Usage
- Itemised Bill
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