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Beware of ‘tax hacks’ to maximise your return this year. The tax office is taking a close look at incorrect claims (theconversation.com)

submitted 5 months ago by MHLoppy@fedia.io to c/ausfinance@aussie.zone

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For many people a tax refund is a much-anticipated lump sum of money.

So, it is understandable Australians will be looking for ways to maximise their returns – particularly we are in a cost-of-living crisis.

But, whether you do your own return or use a tax agent, taking risks is not advised.

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[–] MHLoppy@fedia.io 6 points 4 months ago

It's targeted at the less financially literate, like the kind of people who unironically think a work-related purchased is "free because it's tax deductible".

I think it's wholly okay to encourage posts that cater to a variety of financial literacy levels. If you'd like to see more stuff tailored to your preferences, please contribute it.