What Can I Claim?

The most common questions we get asked around tax are about what individuals and businesses are able to claim, so we’ve compiled this list of resources to help.

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Individuals

General information about work related deductions –https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/

Occupation and Industry Specific Deductions –https://www.ato.gov.au/Individuals/Income-and-deductions/Occupation-and-industry-specific-guides/

Motor vehicle expenses and log books –https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/vehicle-and-travel-expenses/car-expenses/

Travel expenses – https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/vehicle-and-travel-expenses/other-travel-expenses/

Travel expenses when you receive a travel allowance –https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Vehicle-and-travel-expenses/Accommodation-expenses-when-travelling-for-work/

Clothing and Laundry – https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/clothing,-laundry-and-dry-cleaning-expenses/

Self-education expenses –https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/self-education-expenses/

Tools and equipment – https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/tools,-equipment-and-other-assets/

Home Office Expenses generally –https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/home-office-expenses/

Home Office Expenses during Covid-19 –https://www.ato.gov.au/General/COVID-19/Support-for-individuals-and-employees/Employees-working-from-home/

Home phone and internet expenses –https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-work-related-deductions/Claiming-mobile-phone,-internet-and-home-phone-expenses/

Personal Superannuation Contributions –https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-deductions/Personal-super-contributions/

Donations and Gifts – https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-deductions/Gifts-and-donations/

Deductions relating to interest and dividends received –https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-deductions/Interest,-dividend-and-other-investment-income-deductions/

Income Protection Insurance -https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-deductions/Income-protection-insurance/

Rental Property Expenses –https://www.ato.gov.au/General/Property/Residential-rental-properties/Rental-expenses-you-can-claim-now/

Records you need to keep –https://www.ato.gov.au/Individuals/Income-and-deductions/Records-you-need-to-keep/

Businesses

General information about business tax deductions –https://www.ato.gov.au/business/income-and-deductions-for-business/deductions/

Trading stock – https://www.ato.gov.au/Business/Income-and-deductions-for-business/Accounting-for-trading-stock/

Bad debt – https://iknow.cch.com.au/topic/tlp1641/overview/bad-debts

Motor vehicle deductions – https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-motor-vehicle-expenses/

Home-based businesses – https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-home-based-business-expenses/

Travel expenses (other than motor vehicle expenses) – https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-travel-expenses/

Salary, wages and super – general https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-salaries,-wages-and-super/

Salary, wages and super – non compliant payments https://www.ato.gov.au/general/gen/removing-tax-deductibility-of-non-compliant-payments/

Salary, wages and super – paying super contributions https://www.ato.gov.au/Business/Super-for-employers/Paying-super-contributions/

Repairs and maintenance – https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-repairs,-maintenance-and-replacement-expenses/

Instant asset write off for plant and equipment – https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/

Record keeping for businesses, for tax purposes – https://www.ato.gov.au/business/record-keeping-for-business/index—record-keeping-for-business/

Still got questions about what you can claim?

If you’re still unsure about what you can claim and would like some assistance, book in a professional consultation with one of our experienced team who will be able to help.

If you would like specific advice tailored to your business and circumstances, Accounting Heart offers affordable service packages where you can work with Sonia one-on-one to help you get your business where you want it to be. Book your FREE Discovery Call to find out more.

Disclaimer: This is general information only and is not advice of any sort. No warranty or representation is provided by Accounting Heart Pty Ltd as to the accuracy, currency or completeness of the information contained in this blog. Readers of this blog should not act or refrain from acting in reliance upon any information contained herein and must always obtain appropriate taxation and / or other advice as may be appropriate having regard to their particular circumstances.