7 Daily Hacks to Better Tax Refunds – Day 4 (Donate!)

By Stephen Burns, CEO Mr Tax Refund.

If you are passionate about a charity or cause, then the best thing you can do is support them by donating! You automatically feel good from contributing and another great part is that if it is a registered charity, you may be able to claim some of the donation as a tax deduction.

As a general rule, most medical foundations and overseas aid charities are registered, while most churches and building funds are not. Otherwise you can:

  • Ask the Charity directly – they will be able to tell you
  • Check online; visit ACNC (Australian Charities and Not-for-profits Commission)

The ACNC website has information about over 54,000 charities.

Every donation over $2 to a registered charity is tax deductible and you don’t need a receipt if it’s below $10. If the donation exceeds $10 it’s best to ask for a receipt. If a tax consultant is completing your tax return, you can tell them about which charities you donate to and they can handle it from there.

What you can’t claim.

×       Charity membership fees

×       Raffle tickets

×       Any expenses incurred from attending a charity event

×       Donations to a non-registered charity

×       A donation that results in your getting something of value in return

For a full list of what you can’t claim just contact us.

Want more tips? Check out out our whole Ebook here.