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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
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Notes Online Home 2014 Income Tax Basics Day 1 Deductions
In these notes we discuss the various deductions that are available to taxpayers for the 2014 income tax year, along with some of the audit risks associated with claiming deductions.
In this section of the notes we offer a description of each deduction item and examples of how to complete the Deductions section of the ‘I’ Return.
