Myths and the Facts about Work Expense Deductions

There are some myth which is totally wrong and people sometimes misleading by false information.

There are some myths about tax deduction for hairdresser-homilies what-your-taxi-driver-just-heard and many others.

Over the past years ATO faced many issues related to deductions and many people calim wrong deductions such as — dental expenses, gambling losses, Lego sets, and even the cost of a wedding reception.

The myths are stated about what you can claim and what you are not able to claim it’s depend on your work and occupations.

For example, if you used car 70% for work purposes whereas 30% of car used for private purposes.

So, you can claim only 70% car expenses as deduction rather than whole 100% as deductions. but keep in mind you need to keep record for expenses. so, you can prove to ATO for your expenses.

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au