SMH
·general
·3 hours ago
How drivers could get bigger tax deductions for car expenses within months
Australians could see increased tax deductions for vehicle expenses after the Australian Tax Office reviews the cents-per-kilometre rate in May. Currently set at 88 cents, this rate may rise due to higher fuel prices, impacting workers' costs. The ATO considers various factors, including broader legislation and current economic conditions, in its review.
Summary by Glance · SMH
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