cents per km rate 2022

Ah, the infamous cents per kilometre rate for 2022 – the government's attempt to keep our tax deductions vaguely fair. For the 2022 income year, the Australian Taxation Office set the rate at 72 cents per kilometre for the first 5,000 km travelled for work purposes (excluding commuting). This rate covers all car expenses, so no need to keep every receipt like a hoarder. It’s a simple method for claiming car expenses without the paperwork nightmare. For the nitty-gritty or if your mileage exceeds 5,000 km, check the ATO's official documentation or chat with ServiceCentral for guidance.