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Tag Archives: tax deductions
Govt to close education expense deduction claims
As reported earlier , the High Court ruled in 2010 that receipients of Youth Allowance and certain other benefits that are paid only if the beneficiary is undertaking a course of education are allowed to claim a deduction for the … Continue reading
Charity donation schemes: ATO warning
The ATO has warned taxpayers of arrangements that promote tax deductions for gifts of pharmaceuticals to charities for overseas use, similar to that outlined in TA 2010/8 – Gift deductions for donation of pharmaceuticals to charities operating overseas. The ATO … Continue reading
Removing the Hassle of a Shoebox Full of Receipts
Australian taxpayers will be able to claim a $500 standard income tax deduction, without receipts, instead of going to the hassle of using receipts to claim work-related expenses and the cost of managing their tax affairs. Assistant Treasurer Bill Shorten … Continue reading
