Let’s talk record keeping
Just like that, tax time is here so it’s time to start digging out those receipts! Or, if you used the ATO’s myDeductions tool, all you’ll need to do is whip out your device of choice. Here are a couple of things to remember:
You may need to keep other records depending on the expense type, such as a logbook of your car journeys or records of the hours you work from home.
To give you a hand, the Australian Taxation Office (ATO) has provided a handy guide for paramedics to help you understand what you can and can’t claim this tax time.
Have further questions about your work-related expenses? Speak to a registered tax agent, or check out the ATO website for information on:
Your clothing and laundry deductions explained
From work boots to boiler suits, be in the know when it comes to claiming a deduction for clothing expenses at tax time.
You can claim the cost to buy or clean clothing if it is:
You can’t claim a deduction for ordinary or ‘conventional’ clothes such as jeans, t-shirts or even business attire – even if your employer requires you to wear it or you only wear it at work.
Finally, remember to keep track of your receipts. You can’t claim if you don’t have the right records!
For more information, visit www.ato.gov.au/keepingrecords