Max your tax return

According to our expert, there are five easy steps to ensure that you supersize your refund this tax time.

WORDS by EFFIE ZAHOS

There’s a lot to love about tax time. Around seven out of 10 Australians receive a refund each year – that’s about 10 million people pocketing valuable extra cash. But you don’t have to settle for the minimum refund. With the end of the financial year fast approaching, there’s still time to clock up additional tax deductions – and you don’t always need to spend more to get more back. Here are five steps to take before 30 June to ensure a generous refund … 1 Get a handbag ( yes, really!) Life is short. Buy the handbag! You may even be able to claim the cost of it on your tax. Okay, there’s more to it than that – the cute little clutch you picked up recently is not…

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The Australian Women's Weekly (Digital) - 1 Issue, June 2021

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