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    6.2 million Aussies to get $1k instant tax deduction
    Australia

    6.2 million Aussies to get $1k instant tax deduction

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    16 Comments

    3. blitznoodles on

      It’s kind of insane this deduction was proposed in the Henry tax review during the Rudd government and we’re only getting it now.

      9 years of lib government with absolutely nothing to show for it is remarkable.

    4. Captain_Coco_Koala on

      It’s really only keeping up with inflation.

      30 years ago I could claim up to $300 for work boots without a receipt, last financial year I could also claim up to $300 for work boots without a receipt.

      EDIT : I’m only pointing out that the max amount I can claim without a receipt hasn’t changed much in 30 years. I do keep receipts as I go over that amount each year.

    5. doodleBooty on

      So will those eligible see this in the upcoming tax returns or in the 26/27 fiscal year?

    7. Late-Button-6559 on

      Is there a non-paywall link?

      Is this a change on the existing “no receipt needed if under $300” limit per deduction object?

      Or is this a simple “everyone can claim $1000 deduction on their return” rule?

    9. Dockers4flag2035orB4 on

      Is the $1000 deduction available if people haven’t incurred the expense?

      Or is it merely an amount a taxpayer can claim without receipts?

    10. JapanEngineer on

      I read the article but couldn’t exactly understand the details. So as someone who works from home, could I claim bogus stuff up to 1000 AUD without receipts. Is that what this is?

    12. Frogmouth_Fresh on

      Ah cool. So basically covers all your wfh expenses etc. about $1000 I think is close to where mine usually end up, or maybe a bit higher,, so seems to be a fair amount for most people.

      Cool that your non profit stuff is also on top of this too.

    14. tones76 on

      I’m in awe of a Newscorpse article which shows positive wording for something implemented by a Labor government.

      Ok, they fell short of explicitly mentioning that the deduction was proposed in the Henry tax review during the Rudd government in 2008. As someone said here already, after 9 years of Lib government with absolutely no movement, we’re finally getting this now. 🤷‍♂️

    15. Frari on

      You can claim anything you like without receipts. It’s only if they do an audit that you need to show anything. And I seem to remember that bank transactions can be used as a receipt (VISA/EFTPOS*).

      I’m surprised I haven’t been audited yet for my large list of deductions every year. I almost wish they would because of all the work I’ve put in getting/organizing receipts for everything. almost.

      *make sure you archive the full year of bank/Creditcard statements each tax year, even if you have receipts as it gives you extra cover in case of an audit.

    16. nothing2lose___ on

      As per, zero understanding of macro economics.

      Prices will never come down with genius ideas like this!

      Wake up!