Australians struggling with the cost-of-living crisis can have extra money in the bank simply by making claims on items they may not realise are tax deductible. The end of the financial year is little more than a week away, which means now is the time to find all those receipts for work-related expenses. The stage three tax cuts providing more relief to low and middle-income workers do not kick in until July 1, which means they won't apply until the next financial year.
But here's how you can benefit from doing a tax return for 2023-24 - including 10 things many people didn't know could be claimed. Handbags are often regarded as a women's fashion accessory but H&R Block's director of tax communications Mark Chapman said they were also tax deductible if the item was used to carry a laptop computer 1. Handbags Handbags are often regarded as a women's fashion accessory but H&R Block's director of tax communications Mark Chapman said they were also tax deductible if the item was used to carry a laptop computer.
'If you use a bag for work to carry papers or a laptop perhaps, you can claim a tax deduction for the cost,' he told Daily Mail Australia. 'That could include a briefcase, a backpack or a handbag, whichever suits your needs.' 2.
Dogs A dog is tax deductible if someone can prove they needed a companion animal for work. That means the upfront cost of a dog can be claimed on tax over several years based on its working life, along with expenses including vet bills and food. A .
