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  • Income and deductions

    What income you need to declare, deductions and offsets you can claim and records you need to prove your claims.

    Types of income
    When we refer to income it can be assessable, exempt or taxable, it's not always in the form of money.

    Income you must declare
    Work out which income you need to declare in your tax return, such as employment, government and investment income.

    Deductions you can claim
    What expenses you can claim a deduction for in your tax return and the records you need to prove your claim.

    Occupation and industry specific guides
    Occupation and industry guides to help you work out the income and allowances to declare and the expenses you can claim.

    Offsets and rebates
    Work out if you are eligible for a tax offset or rebate to help reduce your tax payable.

    Records you need to keep
    Work out what format your records need to be in, how long to keep them and when you need them.

    Income tests
    Work out your eligibility for some tax offsets and benefits, and if items in a tax return apply to you.

    Last modified: 26 May 2022QC 31943