Salary and wage earner tax tips
How to use myDeductions on ATO’s App
ATO’s myDeductions makes it easier and more convenient to keep your tax deductions and income records all in one place.
Individuals claiming general or employee work-related expenses can use the tool. Sole traders with simple affairs can also use it to help keep track of their business income and expenses. (The ATO defines ‘simple tax affairs’ as you don’t have a primary production business or personal services income and associated expenses.)
Benefits of using myDeductions
- it’s a fast, easy way to capture information on the go
- it keeps your deductions organised – no more faded receipts and lost information
- it makes tax time quicker by uploading your deductions to your tax return
- it’s an easy way to give your tax agent your records
How to use myDeductions
- Simply download the ATO app to your smart device and choose whether you’d like to use the tool as an individual, sole trader or both from https://www.ato.gov.au/General/Online-services/ATO-app/
- Select myDeductions
- Complete the Setup Wizard. Then you can add:
- vehicle trips
- income (if you’re a sole trader)
- photos of your invoices and receipts
At tax time, upload your myDeductions data or email to firstname.lastname@example.org. Providing your data to us prior to your appointment will ensure that your return is processed efficiently by our experienced accountants.
You do not need a MyGov account to setup and start using the ATO app however you will need a MyGov account to push the data to your tax agent.
Whether you lodge your own return or use a tax agent, myDeductions can help you keep your tax records. At tax time you can upload your data to pre-fill your tax return or email it to Carrick Aland.
You do not need a MyGov account to setup and start using the ATO app however you will need a MyGov account to push the data to the pre-fill reports.
Also make sure you record your information on a single device throughout the year because you can only upload once per financial year. Back up your data regularly in case your device is broken, lost or stolen.