If you want to reduce your tax bill, you need to claim as many legitimate deductions as you can. Fortunately, the Australian Taxation Office (ATO) produces occupation-specific guides for deductions.
Submitting your taxes online is generally the fastest way to get your refund quickly. This year, you’ll be able to choose from two different options: e-tax and MyTax.
One of the reasons rental property remains a popular investment for many Australians is that it brings tax advantages. As our Tax Week 2013 coverage continues, here’s a reminder of what expenses you’re allowed to claim.