Maximising car expense deductions this tax time Titelbild

Maximising car expense deductions this tax time

Maximising car expense deductions this tax time

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Tax deductions for car and travel expenses represent one of the largest claim categories, with Australians claiming approximately $10.6 billion or $2,500 per person in recent years. The Australian Taxation Office closely monitors this category and has issued specific guidance: home-to-work commutes are not deductible, estimated travel kilometres must be supported by records that align with occupation type, and expenses already reimbursed by employers cannot be claimed. Financial expert Matt Bowens from ING provides guidance on maximising legitimate deductions while avoiding common mistakes that trigger ATO scrutiny.

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