Getting Into Bed With Tax Part 2

Following on from our Part 1 Tax Episode where we learned what tax is and why we pay it, we jump straight back under the covers to discuss how to lodge a tax return. Expect to learn: Our 5-step process when lodging a tax return Work-related deductions you could claim Why your income statement is so important Timing Segments How to lodge a tax return -1min 30sec How Jake and Callum lodged a tax return - 3min 30sec How the government knows how much tax you pay - 4min 04sec Tax rates under 18 years old - 9min 40sec The tax you pay as a minor who has left school or full-time worker - 11min 50sec Money in the news - 12min 33sec Deductions - 14 min 12 sec 5-step guide to lodging a tax return - 24 Min 30 sec Recommended book - 32 min 30 Sec URL ATO - https://my.gov.au/en/about/help/mygov-website/link-services-to-your-account/link-the-australian-taxation-office Deductions you can claim - https://www.ato.gov.au/individuals/income-deductions-offsets-and-records/deductions-you-can-claim/ Money in the news - https://www.accc.gov.au/consumers/petrol-and-fuel Recommended book - https://www.aureusfinancial.com.au/enjoy-the-journey/ Contact Info Email - [email protected] Instagram - Downtofinancepodcast Disclosure statement Please be aware that we are not financial advisors and the content presented in our show "Down to Finance" is intended for educational purposes only. Any information, insights or opinions that are shared on the show are not to be construed as financial advice. We strongly recommend consulting with a qualified financial professional before making any financial decisions. Your financial situation and goals are unique, and professional guidance is essential in order to address your specific needs and circumstances