What is claiming expenses?
There are expenses that can be claimed against your income that can be included in your personal tax summary to increase your refund.
These include:
- Tax return preparation fees
- Income Protection Insurance premiums
- Commission on interest or dividend income (not bank fees)
- Certain fees associated with investments producing taxable income
If My Refund Ltd processes your refunds year after year we will automatically include our preparation fee from the year before as an expense to increase your refund. If you're wanting to claim expenses other than our preparation fee, you will need to send My Refund documentation of these expenses.
