Finance

The most common tax return mistakes when claiming Car-related expenses

Car-related expenses are among the most commonly claimed tax return deductions in Australia, accounting for some 40 per cent of all work-related deductions.

If you use your vehicle for work, you’re entitled to claim back the related car costs, but with the ATO cracking down on car-related deductions it’s important to get clear on which deductions are allowed.

Scroll down to see the most common mistakes people make when claiming car expenses on their tax return

And with more and more people renting their car out to earn extra income, it’s important to also be clear about what you can claim.

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