money money money cover image

625 let's talk about tax, baby!

money money money

00:00

How to Claim a Fixed Rate Deduction

The fixed rate for the 2023 financial year has gone up to 67 cents per hour. The maximum that you can put as a line item, work from home, fixed rate deduction is basically $1,222. Record keeping for this one is pretty important just in case there's ever an investigation or an audit on your tax return. So if you want to put the work in and keep the records, you may be able to deduct more. There was a question here from Anonymous. Can you claim something that you use for work that might not be essential? E.G., I'm considering getting an iPad even though I have access to my phone or computer,. It will improve efficiency for scheduling

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app