Mo Money #494 How to get more back in your tax refund
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Mar 18, 2026 Practical tax hacks for higher earners as the financial year ends. Clear rules for claiming work deductions and what you must prove. Smart recordkeeping tips and when to use the fixed WFH rate versus detailed methods. Vehicle claims explained: cents per km or logbook. Long-term moves on structures, negative gearing and super to reduce future tax.
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Keep Receipts And Record Expenses Year Round
- Do keep receipts and organise records for work-related deductions to prove expenses if the ATO asks.
- Ben Nash recommends a folder, spreadsheet or apps (ATO app or photo OCR) so you can capture receipts throughout the year rather than scrambling in June.
Plan Tax Strategy Early Not At Year End Panic
- Do plan tax strategies early; last-minute Officeworks runs are not a strategy.
- Will Cant urges high earners to think long-term about structures and deductions that could save five- or six-figure amounts over years.
Small Forgotten Purchases Still Add Up
- Will Cant recounts using a Dropbox/spreadsheet system to store receipts and nearly missing small claims like a laptop bag.
- He and his husband also claim coaching and education expenses which added meaningful deductions over time.