Tax Return Checklist
- PAYG Payment Summary ( the old Group Certificate) from employers, Centrelink, Austudy, Pension, ETP payment certificate
- Previous year's tax return and assesment notice
- Superannuation withdrawal documents
- Family Tax Assistance Statement of Benefits
- Bank Statements and Savings Books with interest updated as at 30th June
- Distribution, interest and dividend slips (usually two per year)
- HECS, HELP or Austudy details and loans (if any)
- Receipts for all work related expenses and deductions
- Motor vehicle log books for work travel
- Self-education expenses
- Donations
- Details of spouse's income
- Private Health Insurance Certificate
- Medical expenses over $2,000, details of all medical expenses
- Instalment Activity Statements
For rental properties: Agent's statements and details of all expenses, interest, council & water rates, levies, repair and maintenance, travel etc.
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Work Related Deductions
Claims for work-related expenses, car expenses and travelling expenses by an individual must be substantiated if the claims are to be allowed.
Annual practising certificate
Bank charges (if account earns interest). Not for private transactions.
Briefcase
Calculators and electronic organisers
Clothing - protective
- occupation specific
- compulsory
Coaching classes
Computers and software
Conference and seminars - to maintain or increase skill
Depreciation
Dry cleaning for above clothing
Election expenses for candidates - limit $1,000 local
First-Aid course
Gifts - donations
Glasses and goggles - if protective
Home office expenses - heat, light, power and depreciation
Income protection insurance
Interest - if related to income
Internet and computer equipment
Laundry and maintenance
Meals - overtime (if under an award)
- when travelling overnight for work related purposes
Medical examination - work related
Parking fees and tolls
Photographs - artists
Professional library
Protective equipment
Repairs
Self-education - work related
Stationery
Subscriptions
Sun protection
Tax Agent
Technical and professional publications
Telephone - cost of calls and rental charges
Tools - work related
Travel expenses - work related
Union fees
Watch - nurse's fob watch
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Medical Expenses over $1,500
From 1 July 2010, the Government has increased the threshhold above which a taxpayer may claim the 20% net medical expenses tax offset from $1500 to $2000, and will commence annually indexing the threshhold to the CPI.
The annual tally for medical expenses can be obtained from your chemist, Health Fund or Medicare and should be claimed in your tax return.
The eligible costs include doctor's and dentist's gap charges. Provided the medication or treatment is prescribed, including such items as botox injections, cosmetic surgery and Viagra pills, they may all be claimed.
