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Work-related expenses fall by $1bn following ATO scrutiny
The new figures come from the ATO’s latest taxation statistics, which examine the 14.67 million individual tax returns for the 2018–19 financial year. These statistics are only published some time after the fact, as the ATO continues to collect data 16 months after the financial year to ensure most returns are captured.
The number of individuals claiming work-related expenses dropped from 8.95 million taxpayers in 2017–18 to 8.88 million taxpayers in 2018–19, with average claims falling by $93 to $2,331.
Read more at the Accountants Daily.
