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Maximising your tax return: What you can claim on your Australian tax return

Home » Insights » Maximising your tax return: What you can claim on your Australian tax return

As tax season approaches, it’s essential to understand the various deductions and expenses you can possibly claim to maximise your tax return in Australia. Knowing what you can possibly claim not only helps you reduce your taxable income but also ensures you’re taking full advantage of the benefits available to you.


When preparing your tax return keep in mind that you can possibly claim income tax deductions on the following expenses:

Vehicle and Travel Expenses: If you use your car for work purposes, you can possibly claim expenses such as fuel, maintenance, and depreciation. Keep detailed records of your work-related travel to substantiate your claims. You might also be able to claim travel expenses incurred for work purposes, such as accommodation, meals and transport. This does not include travel between home and work.

Clothing and Laundry: You can possibly claim the cost of buying, repairing, and cleaning occupation-specific clothing, protective clothing, and uniforms required for your job.

Tools and Equipment: If you purchase tools or equipment necessary for your job, you might be able to claim a deduction for these costs. For items costing more than $300, the cost must be depreciated over several years.

Home Office Expenses: If you work from home, you can possibly claim a portion of your home office expenses, including electricity, internet, and phone costs. You might also be able to claim depreciation on office furniture and equipment.

Self-Education Expenses: If you’re pursuing further education related to your current job, you can possibly claim expenses such as course fees, textbooks, stationery, and travel costs.

Donations and Gifts: Donations of $2 or more to registered charities and organisations are tax-deductible. Ensure you have receipts to support your claims.

Union and Membership Fees: Fees paid to unions or professional associations relevant to your job are deductible.

Tax Agent Fees: Fees paid to a registered tax agent for preparing and lodging your tax return are deductible.


Tips for Maximising Your Deductions

Keep Detailed Records: Maintain accurate records of all expenses, including receipts, invoices, and logbooks. This will make it easier to substantiate your claims if the Australian Taxation Office (ATO) requests verification.

Understand the Rules: Ensure you understand the eligibility criteria for each deduction. The ATO website provides detailed information on what you can and cannot claim.

Seek Professional Advice: Consider consulting a tax professional or registered tax agent to ensure you’re maximising your deductions and complying with tax laws.


By taking advantage of these deductions and keeping detailed records, you can maximise your tax return and potentially receive a larger refund. Always stay informed about changes in tax laws and regulations to ensure you’re claiming everything you’re entitled to.

For more information check out the deductions page on the ATO website.

The above information is advice only. Please check with the ATO, a tax professional or a registered tax agent about what deductions apply to you and how much you can claim.