Maximise your Australian Tax Return 2024

Are you looking to boost your tax refund this year? Join me as I share my top strategies to maximize my tax return for 2024. I've overpaid on taxes, and now it's time to claim what’s rightfully mine!

🔔 Watch until the end for a bonus tip that could increase your refund by thousands!

In this video, we cover:
Stage 3 Tax Cuts – Learn how the new tax cuts starting 1 July 2024 will automatically increase your take-home pay.

Early Tax Return Preparation – Tips on when and how to prepare your tax return for a smoother, faster refund.

Work-Related Tax Deductions – How to claim up to $300 without receipts and ensure you get every dollar you're entitled to.

Vehicle Use Deductions – Claim up to 5,000 business kilometers using the cents per kilometer method.

Work-Related Clothing Expenses – Deduct costs for uniforms and protective clothing, even without receipts.

Home Office Expenses – Simplified methods to claim for working from home, no dedicated office space needed.

Self-Education Expenses – Claim costs for courses directly related to your current job and increase your refund.

💰 Use SHARESIGHT to track your shares - https://www.sharesight.com/moneywithdan/
(BONUS When you signup using this link, the first 4 months of subscription are free if you choose to upgrade to advanced plan and I may get a small my commission at no extra cost to you, so we both win!)

💰 My Excel Template that I use to track my taxes can be found on my online store here: https://moneywithdan.etsy.com

CHAPTERS
0:00 Intro
0:15 Tip 1
1:08 Tip 2
2:07 Tip 3
2:56 Tip 4
3:40 Tip 5
4:17 Tip 6
4:46 Tip 7

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OTHER LINKS

🔗 Stage 3 tax cuts calculator https://www.abc.net.au/news/2024-01-2...

🔗 Work from Home Expenses instructions and COVID-19: https://www.ato.gov.au/general/covid-...

🔗 Carry forward unused concessional contributions https://www.ato.gov.au/individuals/su...

🔗 Claiming deductions for personal super contributions https://www.ato.gov.au/individuals/su...

DISCLAIMER: it is important to note that the information in this video is for general information and entertainment purposes only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances.

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