Tax time and what the tax office is watching

Are the suits you wear to work every day tax-deductible? It is that time of year again to get your tax affairs in order. So what is the Australian Taxation Office targeting this year? This year, the Australian Taxation Office ((ATO)) will be closely monitoring work-related clothing and laundry expenses. That is because there has been a 20 per cent rise in the number of claims over the past five years, climbing to a value of $1.8 billion. This feature reveals more details.

Tax Time - Australia - wooden letters with tax form, magnifying glass, money and calculator Source: Getty Images