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Tax time tips straight from the ATO: maximise your refund

Australian Finance Podcast

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Navigating Tax Time: Key Preparations and Common Mistakes

This chapter provides an essential guide for taxpayers on preparing for tax time, focusing on the role of the ATO and strategies to maximize refunds. It addresses common pitfalls related to deductions and record-keeping, emphasizing the importance of maintaining accurate documentation. The discussion also highlights the tax gap and the significance of understanding claims associated with different income sources, including charitable donations and rental properties.

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