Last-Minute Tax Deductions You Can Still Grab

Last-Minute EOFY Moves – Don’t Miss These Deductions

Oi [First_name], clock’s ticking!

The end of financial year is nearly here (yep, 30 June is breathing down your neck), but there’s still time to make some smart moves that could seriously boost your tax refund.

Here’s what you can still do in the final stretch:

✅ Prepay Work Expenses
Subscriptions, tools, or other legit work stuff? Pay for 12 months upfront and you might score a full deduction this year.

✅ Top Up Your Super
Want a deduction and a bigger retirement stash? A personal super contribution before 30 June could be the win-win you need.

✅ Check Your Private Health Cover
Avoiding the Medicare Levy Surcharge could be as simple as ticking the right health fund box before the clock strikes midnight.

✅ Scrub Your Records
Did you actually buy that hammer in February? Got a receipt? Now’s the time to dig it out and lock it in.

✅ Don’t Spend Just to Save
Remember: spending $1 to save 30c isn’t a good deal unless you actually needed the thing. Don’t let the tax tail wag your cash flow dog.

✅ EOFY Tax-Time Checklist – 10 Things to Do Before 30 June

1. Prepay Expenses
   Pay now for next year's deductible stuff — tools, subscriptions, or interest — and claim it this year.

2. Boost Your Super
   Make a personal contribution to your super fund (before 30 June!) and potentially snag a juicy tax deduction.

3. Review Work-Related Deductions
   Think tools, uniforms, home office gear, car expenses — if you used it for work, it might be claimable.

4. Gather Receipts and Records
   No receipt? No deduction. Get those invoices, logbooks, and evidence sorted before the clock runs out.

5. Claim Investment Expenses
   Got shares or a rental? Prepay interest, claim property maintenance, or deduct investment advice fees.

6. Fix Up Your Private Health Cover
   Make sure you’ve got the right cover to avoid the Medicare Levy Surcharge if you’re earning above the threshold.

7. Donate to Charity
   Only if it's a registered DGR (Deductible Gift Recipient). Be generous and claim the deduction.

8. Defer Income If You Can
   Pushing income into July might land you in a lower tax bracket thanks to the Stage 3 tax cuts.

9. Check Your PAYG Withholding
   Too much or too little withheld? Adjust it with your employer before June ends.

10. Finalise That Business Paperwork
    Small biz owners — get your invoices in, chase payments, pay super, and clean up your books.

Start Your Return
Jump in and get prepped before the EOFY chaos:
www.gotax.com.au/start

P.S.
You’ve got until Sunday 30 June to make your deductions count. Then it’s pencils down and game over — at least for this financial year.