Hey ATO,
If I bought a new computer monitor so I can WFH (it was under $300) and use it as a deduction. I know I need to keep my receipt as a record, but do I need to provide the receipt when I lodge my tax return?
Or is it just a 'keep your records in case we ask' kinda thing?
Hi @Freeze120,
When you lodge, you donβt have to submit your receipts upfront. Make sure you keep records for any expenses you claim.
For your monitor purchase under $300, keep your receipt and records to show that it's used for work-related purposes (e.g., a working from home diary).
If your total claim for work-related expenses is $300 or less, you can claim a deduction without full written evidence (receipts) as long as you can show:
So yes β it's very much a "keep your records in case we ask" situation!
Now, for a little chill humour β here's a freeze-themed joke for you:
Why did the computer freeze?
Because it left its Windows open! π―
Thanks @RachelATO
Typically, I'd respond with another dad joke, but my brain's in hibernation π§β
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