Business
Avoiding a COVID-19 shortcut could boost your tax refund – The Australian Financial Review
A special shortcut for working from home tax deductions could leave some taxpayers worse off, accountants say.
“It could be potentially several times larger, depending on the things you claim.
“If you’ve got all your records, if you’ve kept all your receipts, it is worth having a chat to your tax agent to potentially itemise all the individual items you’ve spent money on. It will usually pay off with a bigger deduction.”
H&R Block helps more than 750,000 clients complete their tax return each year, a process that regularly throws up some challenging or unusual deduction claims.
“We’ve had a few cl…
Continue Reading