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Tax deductions

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Why sorting your tax early this year is more important than ever
Analysis
Analysis

Why sorting your tax early this year is more important than ever

You need to look for every tax deduction and defer any income you can, and take advice on your particular circumstances so you don’t overdo it.

  • by Julia Hartman

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Nine out of 10 landlords are getting their income tax returns wrong, and the ATO is watching

Nine out of 10 landlords are getting their income tax returns wrong, and the ATO is watching

Dodgy landlords making inflated claims for repairs and maintenance on their rental properties are firmly in the Australian Tax Office’s sights.

  • by Rachel Clun
Easy-to-miss deductions that could reduce your tax this year
Analysis
Income tax

Easy-to-miss deductions that could reduce your tax this year

Work-related handbags, briefcases and sunscreen are just some of the tax deductions that can be overlooked.

  • by John Collett
MPs’ ‘stunning’ property portfolios fuel crossbench calls for negative gearing changes

MPs’ ‘stunning’ property portfolios fuel crossbench calls for negative gearing changes

About two-thirds of federal parliamentarians own two or more properties, an analysis of the declared interests shows.

  • by Lisa Visentin, Rachel Clun and Olivia Ireland
Meet the young Australians using their inheritance to save the planet

Meet the young Australians using their inheritance to save the planet

What would you do if you had millions of dollars in family wealth at your disposal? The answer for some is obvious: tackle the climate crisis.

  • by Caitlin Fitzsimmons
Business won’t switch to EVs while tax lurks for guzzlers are so generous

Business won’t switch to EVs while tax lurks for guzzlers are so generous

Take it from an accountant: taxpayers give too much help to ute and 4WD buyers to tempt small businesses to convert to electric vehicles.

  • by Denise Mills
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Gambling tax concessions for clubs to crack $1 billion

Gambling tax concessions for clubs to crack $1 billion

The Productivity Commission warned more than a decade ago the community was not getting value for money from concessions for clubs, but the money keeps flowing.

  • by Harriet Alexander
The $50m idea that could save renters up to $1594 a year on energy bills

The $50m idea that could save renters up to $1594 a year on energy bills

Independent MPs have proposed a small tax concession for landlords that could slash renters’ energy bills and cut greenhouse gas emissions.

  • by Shane Wright
‘Hunt for deductions’ as tax refunds will be smaller this year
Analysis
Income tax

‘Hunt for deductions’ as tax refunds will be smaller this year

Taxpayers are urged to find every legitimate deduction they can before lodging tax returns this year.

  • by John Collett
The little-known tax breaks that could boost your super

The little-known tax breaks that could boost your super

With a bit of planning many people could afford to contribute more to super and collect tax breaks.

  • by John Collett
Tax Office to crack down on landlords, capital gains, work-related tax deductions

Tax Office to crack down on landlords, capital gains, work-related tax deductions

Landlords are in the Tax Office’s sights in 2023-24 after a review found nearly nine out of 10 landlords are incorrectly claiming expenses.

  • by James Massola