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#460 Tax Hacks You Can Use All Year Round

Mo Money

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Maximizing Tax Deductions

This chapter explores the staggering $4.8 billion in unclaimed tax deductions, focusing on the importance of diligent record-keeping to capitalize on potential savings. It covers various tax-saving strategies, including superannuation contributions, negative gearing, and debt recycling, stressing proactive planning throughout the financial year. Additionally, it highlights specific deductions individuals often overlook and the benefits tied to investment structures for optimizing tax outcomes.

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