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Doing your own tax return? Watch out for these common mistakes
Key takeaways
- Experts say the biggest mistake people make is trying to claim something that isn't deductible.
- But while the technology has made lodging simpler, people are making mistakes as their lives "become more complex", says Natalie Peng, a lecturer in accounting at the University of Queensland's School of Business.
- With side hustles, working from home, crypto investments, renting out rooms and receiving income through digital platforms or apps, Dr Peng says people are at greater risk of getting it wrong.
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Experts say the biggest mistake people make is trying to claim something that isn't deductible. (Pexels: Mizuno K)
Link copied Share Share article. The number of Australians doing their own tax has been increasing since the introduction of My Tax in 2014.
But while the technology has made lodging simpler, people are making mistakes as their lives "become more complex", says Natalie Peng, a lecturer in accounting at the University of Queensland's School of Business.
Article preview — originally published by ABC Australia. Full story at the source.
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