7 comments | Planning to lodge your tax return online? You’ll need to have a myGov account and link it to the ATO. Lodge online at https://ato.gov.au Watch this demonstration of how to create a myGov account and link it to the ATO. | Australian Taxation Office | Facebook

You can claim some of your expenses as deductions in your tax return. This reduces your taxable income. It works like this: your assessable income (money you earn from work or investments) minus your allowable deductions (such as costs you incur to earn your income) equals your taxable income (the amount you actually pay tax on) | Australian Taxation Office