The ATO is making it easier for people with simple tax affairs to lodge their returns thanks to the new MyTax system.
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The tax office has announced an amnesty for taxpayers with unreported offshore financial activities.
Those who hoped the Abbott government would cancel Labor's proposed phasing out of the medical expenses tax offset have been disappointed.
Tax money scamming comes in several guises around this time of the year as tax returns are completed and we await refunds.
The six-month rule says that two properties can be claimed as a main residence when a new dwelling is acquired before disposing of the first.
Kids' income from part-time jobs is known as "excepted net income" and is taxed at ordinary tax rates.
Many negatively geared property investors often find they are short of cash because rental income from their investments falls well short of the cost of owning them.
A range of conditions must be satisfied to claim the capital gains tax exemption.
Low-income earners who hope to minimise the Medicare levy's impact should research the income test thresholds.
If you are hoping to get a tax offset, it is important to understand the difference between your taxable income and adjusted taxable income (ATI).
