Receipt

ATO's focus on work-related expenses

This year, the ATO is paying close attention to what people are claiming as 'other' work-related expense deductions.

It's important when taxpayers claim these expenses that they have records to show:

  • they spent the money themselves and were not reimbursed;
  • the expense was directly related to earning their income; and
  • they have a record to prove it.

If the expense is for work and private use, the taxpayer can only claim a deduction for the work-related portion.

Importantly, taxpayers are not automatically entitled to claim standard deductions, but need to be able to show how they worked out their claims.

If you would like to discuss this please contact our office.

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