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How much a new $1,000 tax offset would really be worth – and who’s better off avoiding it (theconversation.com)

submitted 2 months ago by Zagorath@quokk.au to c/ausfinance@aussie.zone

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See if you’re among the millions of Australians who’ll probably be better off hanging onto your work receipts for tax time next year.

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[–] Zagorath@quokk.au 1 points 2 months ago* (last edited 2 months ago) (8 children)

How TF are most workers deducting over $2,000‽

Edit: my memory from last night when I read this was slightly off. FFS I wish articles wouldn't use "average" when they mean "mean" and when the difference between mean and median (which is also an average) is important. Especially with a construction like "the average Australian’s X", which strongly implies median.

Anyway, still most workers deduct over $1,300. How‽

[–] thumdinger@lemmy.world 2 points 1 month ago

Unsure how common it is, but income protection insurance is a fairly substantial deductible.

Add that in with WFH, work related eduction, tooling, uniform laundry, vehicle costs, professional association or union fees, etc., and you can rack up $1000-$2000 pretty quickly.

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