All the major changes in Australia today
Everything from wages and healthcare will take a hit. Find out where you can save some money and which things are going to cost more.
Tax Time
Tax time is approaching. Find out what you can and cannot claim for deductions this financial year and who is on the ATO's tax hit list.
July 1 tax mistake to avoid
You may be eager to get that refund, but filing your tax return on July 1 could land you in serious trouble with the tax office.
Barefoot Investor’s $400 tax tip
As tax time approaches, the Barefoot Investor has warned that Aussies are throwing away their tax gains on one simple mistake.
Aussies who will get biggest tax returns
Millions of Aussies are expected to get a bumper tax return this year, but there are things you need to do to get organised before July 1.
Scary tax deadlines to watch out for
Here’s how you can avoid a $1050 fine – which is how much you’ll owe the tax office if you miss an important due date for payment.
Take advantage of tax time, bank urges
With only five days left until the end of the financial year, it’s time to look for any last-minute items that could help reduce your tax bill.
Aussies could get $2600 back in tax
Millions of Aussies don’t think they will get anything back at the end of the financial year. But that’s not what the experts are predicting.
Weird thing pilots can claim on tax
We’re all trying to work out how to reduce our tax bill without breaking the law, and some professions get to claim things others can’t.
‘They’re everywhere’: Tax scams surge
Australians are being warned about a big rise in tax time scams after people were defrauded out of $900m during the last year alone.
Tax claims you won’t get away with
Every year taxpayers try and make some questionable claims in their tax return. Find out what won’t fly with the ATO.
Things you must do for tax before June 30
One-in-four Aussies don’t complete a tax return each year and millions could be missing out on cash. Find out how to avoid getting stung.
The jobs that will pay you $200k
New data has revealed professions that earn the most amount of money. This is what you need to aim for to crack the $200,000 mark.
How to get your $1080 in tax back
More than 10 million Aussies are set to benefit from these tax cuts. Find out the simple way to make sure you get money back.
Surprising things you can claim at tax time
Accountants spill the little-known areas where people can claim deductions and get the most from their tax return.
Work from home tax pitfall to avoid
Working from home has been great for some but claiming your expenses can be confusing. Here’s one pitfall you should avoid.
Biggest cryptocurrency tax mistake
The ATO is closely tracking cryptocurrency transactions this year and warns investors they face penalties and audits if they ignore their tax obligations.
Expense claims ATO is cracking down on
Aussies who continue to claim deductions for these items — despite working from home — will find themselves on the ATO’s radar this tax time.
Aussies who will get ‘bumper’ tax refund
Most Aussies will get a larger than normal tax refund this year thanks to tax cuts that have been brought forward. Find out how much you’ll get.
The Aussies about to take a big income hit
About eight million Australians will be worse off when tax changes come into effect this year — find out if you are one of them.
Big problem with ‘new’ Aussie tax cut
Treasurer Josh Frydenberg faces a tax time bomb in next week’s budget – and it all comes down to the biggest winners from tax cuts.
Fresh warning about email scam
Australians are being warned to be extra vigilant in the lead-up to tax time after hackers made fresh attempts to swipe personal details.
How Aussies could get $1k tax bonus
A proposal to guarantee people money back at tax time – without hoarding receipts – could also help stamp out “gaming” of the system by high income earners.
Who will get $1080 tax time bonus
People earning over $126,000 can “manipulate” the system to become eligible for the tax break, while low income earners face missing out.
What the ATO is targeting this tax year
An expert has revealed what the ATO will be looking out for on your tax return this year – and there’s a warning for those who like to get sorted early.
Huge tax hit for Aussies on less than $126k
Ten million Aussie workers are set to take home less pay as tax cuts come to an end, with women among some of the hardest hit.
Four jobs that can cash in at tax time
People working in four industries could be missing out on thousands by failing to make these claims when they lodge their tax return.
Nasty surprise coming in tax returns
A hidden tax detail is set to catch many households unaware and drive up the cost of a common bill for millions of Australians.
Sydney suburbs missing out on cash windfall
There’s whopping amount of unclaimed super that you could get your hands on before Christmas. And one postcode is owed a fortune.
50 Cent’s stunning Trump backflip
The rapper threw his support behind the President – but now, he has back-pedalled spectacularly, claiming he “never liked” Donald Trump.
Will you save or spend your money?
The wealthy will get the most back when tax cuts are introduced. But the massive bonus for the rich has led to a surprise reaction.
Tax cuts that ‘may never happen’
Millions of Aussies are celebrating new tax cuts headed their way. But there’s another range of cuts that may never see the light of day.
Work out how much you get from Budget
Treasurer Josh Frydenberg has handed down a Budget that includes a staggering amount of spending. Find out how much you’ll get.
Big losers in the Budget revealed
The COVID Budget has landed. These are the Australians who are better off as a result and the ones who may not be smiling.
One huge catch with your tax cut
Treasurer Josh Frydenberg has promised workers extra cash in their pay packets from this month, but the vast majority will be forced to wait.
The Budget explained in five minutes
There’s plenty of good news for many Australians in the Budget including tax cuts and other incentives. Here’s what’s in it for you.
How to get your backdated tax cut
A huge number of Aussies will immediately begin paying less tax very soon. Here’s how you’ll get your backdated savings – and when.
The Aussies snubbed by $4b plan
The federal government has unveiled an ambitious new $4 billion plan to help Australians get a job – but not everyone will benefit.
Hint on when you can travel overseas
The Budget has provided a hint on when international travel will recommence, with a big change in our tourism industry.
‘No benefit’: Tax cuts for the rich slammed
Wealthy Aussies will have their pockets lined even further under the new Budget, while those out of work have been left out in the cold.
How much you’ll get back in tax cuts
More than 11 million Australians will get a tax cut this year – and it’ll be backdated, meaning your tax-home pay will increase within weeks.
Tax cuts for millions ‘within weeks’
More than 11 million Australians will get tax cuts as part of the Budget, with the money to be in pay packets by the end of the month.
Read Josh Frydenberg’s full budget speech
Treasurer Josh Frydenberg has handed down the 2020 Federal budget, revealing tax cuts and spending on jobs and infrastructure.
Massive mullet boast that’s backfired
Josh Frydenberg used to crack a joke about his infamous mullet as a way of attacking Labor. Tonight, the Treasurer isn’t laughing.
Aussies to get bonus $500 handout
Welfare recipients will soon score a surprise gift from the government, with two $250 payments hitting bank accounts within months.
Big problem with this Budget graph
The government says Australia will dig its way out of a record $214 billion budget hole – but it’s basing that prediction on a huge assumption.
Tax win for Aussies working from home
It will be easier for Australians working from home to make a tax claim, but experts fear the system might leave workers short changed.
JobKeeper crackdown busts thousands
The ATO has gone after Aussies rorting the wage subsidy scheme after receiving 9000 tip-offs from the public, clawing back $75 million so far.
Women screwed by new tax plan
Male workers will get double the tax cut cash that women will get under a new plan to bring forward tax relief in the wake of the pandemic.
Virus pandemic sparks new tax warning
Huge tax increases and the introduction of new taxes could be on the cards as global governments reel from the coronavirus pandemic.
How much you will save from tax cuts
The vast majority of Aussies will save $1080 through the tax changes but this quickly climbs to $2565 depending on your income.
Taxpayers stung by common ATO trap
The tax office has announced a new plan to catch rule-breakers – and while some might be “disgruntled”, it’s a move straight out of the ATO playbook.
ATO’s tough new crackdown
The tax office has issued a brand new warning to Aussies – and if you’ve done the wrong thing, you can expect to soon pay dearly.
Australia’s $850 billion debt bomb revealed
The Morrison Government was meant to unveil Australia’s long-awaited surplus this year. Instead Australia has recorded the biggest deficit in decades.
How to get the biggest tax return
If you’ve been working from home and are planning to use the ATO’s flat rate for your tax return, this is what you need to know.
ATO’s grim warning for Aussies
The tax office has warned that scores of taxpayers could soon be hit with audits and even financial penalties due to one big mistake.
Aussies to get big tax cuts early
Middle income earners could get an extra $2565 a year after the government confirmed it was looking to bring forward planned tax cuts.
Unpopular tax may be hiked
Economists say now is the time to plot for daring tax reform to help steer Australia out of its first recession in nearly three decades.
500,000 Aussies wipe out super funds
Almost half a million Aussies have completely cleared out their superannuation accounts with demand for the government scheme outstripping expectations.
Rush for $10,000 crashes ATO site
Aussies clambering to get their hands on their retirement savings has frozen the government website on the first day of the new financial year.
Costly July 1 deadline looming
More than 380,000 Aussies have just a few hours to buy insurance before being subjected to a loading system that can end up costing thousands.
July 1 tax mistake we all make
Experts are “bracing for an onslaught” but if you’re one of the millions of Aussies frantic for a tax refund, there’s something you should know.
What you must do before June 30
The end of the financial year is less than a week away – and there are some important things you need to do to avoid getting stung.
Scary tax deadlines to watch out for
The end of financial year is fast approaching – but don’t get caught out by the stack of other key tax dates on the calendar.
Why tax refunds could be smaller this year
The COVID-19 crisis has hit family budgets hard, and the thought of a fat tax refund is more tempting than ever. But don’t get your hopes up.
New tax rules you need to know now
It might be the last thing on your mind right now, but tax time is fast approaching – and there are a stack of big changes this year.
Original URL: https://www.news.com.au/topics/tax-time/page/6