ATO Assistant Commissioner Tim Loh said there had been some key changes to look out for this tax time when claiming your deductions.
“When you’re getting ready to lodge, consider the records you have to support your claims this year – don’t just copy and paste your claims from last year, this will raise a red flag for us,” Mr Loh said.
Around 8.6 million Australians claimed nearly $21.6 billion in work-related expenses in their 2022 tax returns.
To claim a deduction for a work-related expense, remember the three golden rules: You spent the money yourself and weren’t reimbursed; it directly related to earning your income and it wasn’t private in nature; and you must have a record to prove it (usually a receipt).
“We want people to get their deductions right on the first go and claim what they are entitled to – nothing more, nothing less. We have a series of 40 occupation and industry-specific guides (at ato.gov.au) which you should have a look at,” Mr Loh said.
“Some occupations have expenses that are specific to their occupation. For example, flight attendants can claim rehydrating moisturisers and nurses can claim stethoscopes – our guides can help you get it right.
“If you’re not sure, reach out to a registered tax agent to help you get your tax return right the first time.”
