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

Hosted on Acast. See acast.com/privacy for more information.