Income:
- PAYG Summaries (old Group Certificates) – for all employers, pensions etc (including Centrelink).
- ETP PAYG Summary – if any superannuation cashed during year.
- Investment income including:
- interest received from bank accounts, credit unions, building societies etc
- share dividends – usually 2 per year (whether taken as cash or dividend re-investment)
- managed funds – need Annual Tax Statement
- distributions – from partnerships and trusts
- Capital Gains – if any income-producing assets (e.g property/shares etc) are sold
- Rental income – derived from renting out a property (including any deductions)
- Foreign Income – interest, dividends, pension or other income
Deductions:
- Motor vehicle details and record of kilometres travelled, if private motor vehicle is used for work,
other than driving to and from employment. - Work related travel expenses – if required to travel overnight for work
- Uniform or corporate wardrobes – must have logo and be compulsory to claim
- Approved protective clothing purchases
- Self education expenses (must be directly connected to your current employment.)
- Any expenses incurred for sun-protection, or other work related purchases
- Childrens’ education costs (computer, software etc, internet, textbooks, stationery and trade tools)
- Any expenses incurred in obtaining investment income
- Donations/gifts to registered charities (also political party membership and donations)
- Tax agents fees from previous year
HECS / HELP / SFSS:
- Higher Education Loan Program (HELP OR HECS) statements
- Student Financial Supplement Scheme (SFSS) statements
Tax Offsets:
(Require spouse’s taxable income for Family Benefits)
- Zone rebate
- dates and locations of all remote areas visited
- Dependent children/s dates of birth, taxable incomes, and school attended
- Medical expenses
- if receipts after re-imbursement by private insurance exceed $1500
- may claim Doctors, Dentists, Optical, Pharmaceutical etc.
Private Hospital Insurance Offset:
- need letter from health fund (mailed out in July)
Refund Options:
- If refund is to be banked (quickest method) need full BSB and bank account number