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Income Tax Returns – different types of deductions available.

There are numerous and various types of deductions available to tax payers that may be claimed in their individual income tax returns.

Some of the categories as listed on the Australian Taxation Office (ATO) website include:

1.    Vehicle and travel expenses.
 

2.    Clothing laundry and dry-cleaning expenses.
 

3.    Gifts and donations.
 

4.    Home office expenses.
 

5.    Investment income deductions.
 

6.    Self education expenses.
 

7.    Tools equipment and other expenses.

 

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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