Ah, the thrilling world of tax deductions! To claim kilometres (kms) on your tax in Australia, you need to keep a detailed logbook or use the cents-per-kilometre method. The logbook method requires you to record all business-related travel over a 12-week period, then you can claim that percentage of your vehicle expenses. Alternatively, the simpler cents-per-kilometre method lets you claim up to 5,000 business kms at a set rate (currently around 72 cents per km). Remember, commuting from home to work is a no-go zone for claims.
Keep all your receipts and records like a hawk, or the ATO will have your number. For the nitty-gritty and any recent changes, consult the official ATO documentation or visit ServiceCentral for guidance.
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