Tax deductions
- Opinion
- Opinion
Goodbye receipts, hello $1000: The future of tax returns is coming
This year, if you’re preparing your own tax return, you might notice something a little different.
- Victoria Devine
Latest
Income tax out-paced wages as rates and inflation started to bite
Wages started to climb soon after Anthony Albanese’s election in 2022, but changes to the tax system meant people didn’t see most of that extra cash.
- Shane Wright
- Opinion
- Income tax
Five last-minute hacks to help reduce your tax bill
Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.
- Nicole Pedersen-McKinnon
- Exclusive
- Victorian budget
Choke hold: The 33 taxes, levies and duties Victorians are paying that have us at tipping point
A previously unpublished paper shows the growing burden of Victoria’s tax system, including 18 separate but overlapping imposts on property ownership, investment and transactions.
- Chip Le Grand, Kieran Rooney and Daniella White
- Analysis
- Superannuation
Super tax changes the real test of Albanese’s election victory
It’s been on the government’s agenda for two years, but the planned overhaul of tax on super accounts worth more than $3 million will be Albanese’s first test.
- Shane Wright
The tax office is watching you: What the ATO will be targeting this year
While some of the tax office’s focus areas, such as work deductions, are obvious, some are less so.
- Dominic Powell
Sprung! The wildest claims people have made on their tax returns
From air fryers to swimwear and $10,000 in luxury-branded clothing, here are some of the strange claims the Tax Office has to sort through.
- Millie Muroi
- Analysis
- Sketch
Dutton expected to go on the attack. Instead, Chalmers had him for lunch
The House of Representatives has hosted debates about many hefty issues over the years. This wasn’t one of them.
- Matthew Knott
Free business lunch fight devolves into business battle
A Coalition plan to give businesses a free lunch has turned into a battle over the cost to the budget and whether small businesses are growing in number.
- Shane Wright and Millie Muroi
Never mind negative gearing. Australians pushed $67b through this tax vehicle
The record amount has flowed through a growing number of trusts to help Australians, mostly high-income earners, reduce their tax bills.
- Shane Wright
Original URL: https://www.watoday.com.au/topic/tax-deductions-hoi