In Australia, the magic number for claiming car expenses on your tax return often depends on your work-related travel. The ATO allows you to claim either a fixed rate per kilometre (currently 72 cents per kilometre) for up to 5,000 kilometres per year without requiring detailed logbooks, or you can go all-in with actual expenses if you keep a logbook.
Remember, only the kilometres driven for work count—commuting to and from home usually doesn’t make the cut. Be ready to justify your numbers; the taxman loves paperwork.
For more detailed info, check out the ATO guidelines or visit ServiceCentral for handy tips.
14AdvertisingListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.