The tax office have a data matching system and can track interest so even the smallest amounts must be declared. Check your bank statements for amounts, and if in doubt check with your bank.
Up to $300 can be claimed as work deductions without receipts. These claims must be for expenses in relation to your work. Motor vehicle expenses are not included in the $300.
You may be eligible to claim self-education expenses if you are taking a course directly related to your work. You cannot claim Higher Education Contributions.
Expenses directly relating to your work, such as the cost of tools, professional registrations, telephone, internet and professional association subscriptions are allowed as deductions.
The two most common methods for calculating motor vehicle expenses are cents per kilometre and the logbook method. A maximum of 5,000km per spouse can be claimed using the cents per kilometre method. If you keep a logbook you may be entitled to claim a percentage of all your motor vehicle expenses including fuel, insurance, registration, repairs, interest and depreciation.
