What’s new for individuals
04 Jan 2016
Before you complete your tax return for 2015, there are some changes you should be aware of in case they affect you. Mature age worker tax offset You can no longer claim the Mature age worker tax offset (MAWTO) in your tax return. Previously, to be eligible for the offset you needed to be an […]
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Seniors and pensioners tax offset
03 Jan 2016
If you are a Senior Australian, you may be eligible for the seniors and pensioners tax offset. The seniors and pensioners tax offset (SAPTO) can reduce the amount of tax you are liable to pay. In some cases, this offset may reduce your tax liability to zero and you may not have to lodge a […]
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Deductions – Cleaning of work clothing
17 Dec 2015
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 both: the amount of your claim is greater than $150, and your total claim for work-related expenses exceeds $300 If you don’t […]
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Income protection insurance
16 Dec 2015
You can claim the cost of premiums you pay for insurance against the loss of your income. You must include any payment you receive under such a policy on your tax return. If the policy provides for benefits of an income and capital nature, only that part of the premium attributable to the income benefit […]
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