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Tax time 2024: what work-related expenses can you claim?

With Interest

Release Date: 06/10/2024

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More Episodes

Navigating work-related expenses can be a challenge. Little wonder the ATO says it’s one of the biggest areas for errors at tax return time.

That’s why today’s episode will help you demystify the rules for claiming work-related expenses in 2024.

This comprehensive episode covers everything from the importance of diligent record-keeping to the intricacies of claiming home office expenditures, travel and car costs, specialised equipment and educational expenses.

But we're not just stopping at the basics – we'll also equip you with expert tips for accurately calculating your expenses and ensuring you have all the requisite documentation should the ATO require further information.

Consider this your roadmap to smooth sailing for your tax return expenses. Listen now.

  • Host: Gavan Ord, Business Investment and International Lead, Policy and Advocacy, CPA Australia
  • Guest: Rob Thomson, Assistant Commissioner at the Australian Taxation Office (ATO)

The four-part Tax Time 2024 series is a special feature in June on the With Interest channel. You can listen to other Tax Time 2024 episodes at the series page.

You can also listen to previous episodes in this series on CPA Australia’s YouTube channel.

Additionally, CPA Australia has tools and resources to help support you ahead of tax time 2024.

For further information, the ATO offers guidance on keeping records, occupations, car expenses, tools, clothing, self-education and common deductions.

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:

Search for them in your podcast platform.

Email the podcast team at [email protected]