4 tips to maximise your tax return before June 30

I just read this article titled “4 tips to maximise your tax return before June 30” and it’s a game-changer. The article discusses some simple yet effective ways to help you make the most of your tax return.

Firstly, the article suggests keeping accurate records of all your expenses throughout the year. This includes everything from work-related costs to personal expenses such as medical bills. By doing this, you’ll be able to claim back a larger portion of your taxable income.

Secondly, the article talks about prepaying expenses such as mortgage interest, rent or utilities before the end of the financial year. This can help maximise the deduction you can claim on your tax refund.

Thirdly, the article advises taking advantage of the government’s superannuation co-contribution scheme. By contributing a small amount to your superannuation account, the government will match your contribution up to a certain amount, which can boost your overall tax return.

Lastly, the article suggests booking an appointment with a tax agent. A tax agent can help you navigate through the complicated tax system and ensure that you claim everything you’re entitled to.

Personally, I found the tips about prepaying expenses and utilising the co-contribution scheme to be the most useful. In the past, I’ve missed out on substantial tax refunds simply because I wasn’t aware of these strategies.

So, if you want to make the most of your tax return this year, I highly recommend giving this article a read. Take note of these helpful tips and book an appointment with a tax agent to ensure you claim everything you’re entitled to. Trust me, your bank account will thank you later!