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Martin Lewis: A beginner's guide to how income tax works
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Don't know where to begin with tax and how it works? Martin Lewis explains key income tax concepts, including what your personal allowance is, basic and higher tax rates, and how tax bands affect what you earn. Learn why moving into a higher tax bracket DOESN'T reduce your earnings; and discover the quirky 60% effective tax rate some higher ...
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The tax office is warning Australians to stop claiming private expenses on their tax returns, with some attempting to claim baby expenses, personal gifts and meal deliveries as work-related. More than 10 million Australians have claimed about $31 billion worth of work-related expenses in their 2024-25 tax returns so far, many relating to working from home. Business reporter Nassim Khadem sits down with ATO's assistant commissioner Anita Challen. #Tax#ATO#TaxReturn#Business#ABCNews
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