It seems that the ATO will be taking a dim view (or dimmer, this year) of the abuse of work related expense claims for individual taxpayers. The total value of such claims rose to a record $21.2 billion in 2017, and reports contend that the ATO is concerned about over-claiming and even outright fraud.
ATO advice for taxpayers, before including claims for work related expenses at the label for “other” work related expenses for 2018 tax time, should consider making sure they can show:
they spent the money themselves and were not reimbursed
the expense was directly related to earning their income
they have a record to prove it.
The push on work related expenses (WREs) comes on the back of the release by the government of a House of Representative Economics Committee’s report on its inquiry into tax deductibility. […]