tax return checklists
Use this checklist to ensure you include all items in your tax return, including deductions and offsets. PAYG INCOME Provide details of all PAYG income earned from Australia.   Item Provide from Wages/Salaries PAYG Summaries Allowances & Bonus PAYG Summaries Government benefits Centrelink PAYG Summaries   OTHER INCOME Include all income earned from Australia or overseas (unless on a temporary visa). Item Provide from Interest Bank statements Dividends Payment statements Trust Distributions Payment statements Foreign income Excludes temporary visa holders Capital gains Asset sales & purchase documents Business & ABN income Bank & payment records Rental income Bank & payment records Other income Any related documents   WORK DEDUCTIONS Costs need to be necessary, paid in that year, and verifiable by employers (if audited). Receipts are required if total deductions exceed $300, some estimates allowed. Item Basic Requirements Cars All car details & expenses & km's travelled Telephone Reasonable estimate of work related calls Travel Business trips or between work locations Uniform & Clothing Compulsory or Protective or Occupation-specific Laundry Estimate of weekly laundry up to 150 per year Self Education Courses in relation to your existing job Protective items Items protecting from job injury or illness Subscriptions Occupation associations, unions & registrations Publications Occupation related journals, books & periodicals Seminars In respect of your current employment Overtime Meals If paid an allowance as income Tools & Equipment Provide a break-up of each item Equipment > $300 Date purchased & details & personal use % Home office Separate room & required by employer Other work costs Provide details of other costs to consider   OTHER DEDUCTIONS These are non-employment costs in respect of your taxable income. Examples; Item Examples Tax Returns Tax Agent fees paid during the past year Investment costs Interest and financial expenses Donations To approved charities & clubs Insurance Income protection   TAX OFFSETS & REFUNDS Note - Offsets may depend on your residency status. Item Basic Requirements Low income offset Subject to income thresholds & tax residency Remote Zone tax offset Provide the days living in remote areas Dependants offsets Dependants Children/Spouse/Parent/Housekeeper Seniors offsets Seniors & Mature Age Worker offsets Medical Expenses offset Net expenses over $1500, including dental Entrepeneurs Tax Offset We will apply this to low business & ABN income Education Tax Refund Details of all education receipts for children Private Health Rebate Provider statement shows refundable amount Superannuation Personal payments made for you or spouse Medicare Levy Will be calculated from other info
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