Here are 3 changes to your tax deductions For Year ending June 2023 Australia
- Motor Vehicle Cents per Km
- Work from home allowance rate per hour
- The Low to Middle Income Tax Offset (LMITO) has ended.
This articles intention is to inform rather than advise and is based on legislation at the time. Each Taxpayer’s circumstances vary so we strongly recommend that you discuss this information with your Tax Agent, Accountant or Bas Agent before implementation. If you take, or do not take action as a result of reading this article, we accept no responsibility for any financial loss incurred. This is general advice only.
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