Get ready to wrap up the financial year stress-free — and maybe even score a bigger tax refund!
🏡 Why You Need an EOFY Checklist
EOFY (End of Financial Year) sounds serious… because it is — but it doesn’t have to be stressful!
With a little bit of prep now, you could save hundreds (or even thousands) of dollars and breeze through tax time like a boss. 😎
Whether you’re full-time, casual, freelancing, or just starting out — this checklist will help you get your money ducks in a row.
✅ Your EOFY To-Do Checklist
🔲 Collect all your income documents
- Grab your PAYG summary (your employer uploads this to myGov).
- Don’t forget side hustles, bank interest, or dividends too!
🔲 Track down your expense receipts
- Work stuff you bought (e.g., laptop, tools, uniform).
- Union fees, professional memberships, and subscriptions.
- Self-education or training costs related to your job.
🔲 Tally up your WFH expenses
- Internet, phone, electricity — if you worked from home, you might be able to claim some costs!
- Keep a record of your hours if you’re using the ATO shortcut method.
🔲 Check your super contributions
- Made any extra payments into your super? You might score a tax deduction! (Bonus: future you will thank you too.)
🔲 Think about private health insurance
- If you earn over $93k (single) and don’t have hospital cover, you might pay the Medicare Levy Surcharge.
🔲 Make last-minute purchases (smart ones!)
- Need a new work laptop or course? Buy it before 30 June to claim this year.
🔲 Donate to charity
- Donations over $2 to registered charities are tax-deductible — and it feels good too. 💛
🔲 Double-check your bank details with the ATO
- So your refund lands safely (and quickly)!
💡 N’s Quick Tips
- Don’t rush to lodge on 1 July! Wait until all your info shows up on myGov (mid-July is safer).
- Keep your receipts (digital or paper) for at least 5 years — just in case the ATO asks later.
- Use a tax agent if your tax gets complicated — they’ll know all the sneaky deductions you might miss.
📌 Save This Post For Later!
A little bit of effort now = smoother tax time, a bigger refund, and a happier you. 🥰
(And if you’re anything like me, you’ll reward yourself with something fun after lodging. Ice cream, anyone? 🍦)
See you in the next post, legend! 💬
— N
🪙 N’s Money Corner | Aussie Money Tips
