How to Reduce Your Tax Bill Before the End of the Financial Year

Tax time is approaching, and with the cost of living crisis in full swing, many Aussies are looking forward to the relief of a healthy tax refund. However, the tax rules can be complicated and confusing, leading to missed opportunities for maximizing refunds.

To help you cut your tax bill before the end of the financial year and increase your refund, here are some key strategies:

Claim everything you can

Many people leave money with the ATO simply by not claiming all their entitlements. Take the time to understand all the legal deductions available to you and ensure you claim them.

You can claim a variety of work-related expenses. One significant area for deductions is work-from-home expenses, including costs for your home office, technology, stationery, and more.