Standard Tax Return

Note: Most banks report interest to the ATO soon after the end of the financial year, but some can take up to 3 months.

Note: Most managed funds report to the ATO by September, but some can take up to 6 months.

It’s important to report all foreign income, even if tax has already been paid on it in the country where it was earned, as Australia has mechanisms to avoid double taxation, such as foreign income tax offsets.

If you lived in remote or isolated areas of Australia you may be eligible for the zone tax offset, which provides a tax reduction based on your location and the duration of your stay in that area.

This excludes your transits to and from work.

Examples include public transport, air travel, taxi fares, ride-share fees, road tolls, parking fees, short-term car hire, meals, incidental expenses, accommodation.

This is a uniform, either compulsory or non-compulsory that is unique and distinctive to the organisation for whom you work. You can claim the costs of washing, drying, and ironing eligible work clothes, or having them dry-cleaned. You must have written evidence, such as diary entries and receipts, for your laundry expenses if the amount of your claim is greater than $150.

Examples include seminars, conferences, courses, or workshops. To claim these, the activity must be directly related to your current job. It should help you improve your skills or knowledge for your work and either increase your income or be likely to help you earn more in your current role.

You must have kept records of either: your actual hours spent working at home for the year, or a diary for a representative four-week period to show your usual pattern of working at home.

Examples include: Hand tools or equipment used for work, repairs to work-related tools or equipment, safety gear, and stationery and office supplies used for work.

Examples include: Devices, apps or software needed for your job, antivirus or cybersecurity software, and cloud storage services for work files.

Examples include: Briefcase or work bag, sun protection (sunscreen, sunglasses, hats for outdoor workers), first aid items kept for work purposes, and lockers or storage rentals used to store work gear.

Donations made to a GoFundMe personal campaigns are generally considered to be personal gifts and are not guaranteed to be tax-deductible. Only donations made to a GoFundMe certified charity campaigns are guaranteed to be tax-deductible.