July 27, 2023
Mobile tax deductions | 2023 Gotax
Can you get a tax deduction on your work phone costs?
Can I claim my phone as a tax deduction?, the answer is yes. But it must be genuine usage connected to your work activities.
Here's some more riveting insight into how your telephone expenses might fare in the tax game. As always, this is a general guide, not an official ruling and serves as to whether you’re at least on the same page. Contact Gotax if unsure.
Ringing up a storm for work? Those calls could be tax deductible. But remember, your personal calls are as tax deductible as a kangaroo's hopping license!
If your telephone is used partly for work, it's time for a bit of maths. Only the work-related portion is a potential deduction.
What about your phone contract expenses? Same rules apply. If you're using your mobile 30% for work, you can only claim 30% of the cost.
Documentation. The ATO might have more teeth than a croc, but they'll smile if you can back up your claims. Keep itemised bills showing your work-related calls. And get that telephone log going. Scan the Deduction Grabber to get your phone on your phone.
And remember, tax law changes quicker than a possum up a gum tree. Keep up-to-date with any changes to regulations.
Stay on your toes with your telephone expenses, and when in doubt, consult Gotax to get it right.
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