Tax2 min read
2025 Tax Tips Cheat Sheet (Australia)
Simple tax-saving reminders for Australians in 2025 — key dates, the top 10 tax tips, and the 2024–25 income tax brackets, all in one quick cheat sheet from Ava.
By AvaShort answer
A quick cheat sheet of the dates, deductions and offsets worth knowing for your 2025 Australian tax return — keep it handy as you get your records together.
Key dates
| Date | Event |
|---|---|
| 1 July 2025 | New financial year begins |
| From mid-July 2025 | Most income statements available via myGov |
| 31 October 2025 | Tax return deadline (if lodging yourself) |
| 15 May 2026 | Tax return deadline (if using a registered tax agent) |
Top 10 tax tips for 2025
- Claim work-from-home deductions — use the fixed-rate method (67c/hour) or the actual-cost method. Track hours and keep electricity/internet records.
- Don't miss super contributions — the concessional cap is $30,000. Salary sacrificing extra into super can reduce taxable income.
- Know your occupation-specific deductions — nurses, teachers, tradies and IT workers each have specific claims (tools, uniforms, equipment).
- Use the myDeductions tool in the ATO app — record receipts, kilometres and expenses through the year.
- Prepay expenses before 30 June — sole traders can prepay eligible expenses to bring forward deductions.
- Claim investment-related deductions — interest on rental loans, platform fees for shares/crypto, and accounting fees.
- Review private health insurance — avoid the Medicare Levy Surcharge if you earn over $97,000 (single) or $194,000 (family).
- Track crypto and share transactions — capital gains tax applies, so keep detailed records of every buy and sell.
- Check the instant asset write-off (business) — for eligible small businesses, subject to current ATO rules.
- Check your offsets — seniors and pensioners offset, spouse super contribution offset, and others you may be eligible for.
Quick tax brackets (2024–25 residents)
| Taxable income | Marginal rate |
|---|---|
| $0 – $18,200 | 0% (tax-free threshold) |
| $18,201 – $45,000 | 16% |
| $45,001 – $135,000 | 30% |
| $135,001 – $190,000 | 37% |
| $190,001 and over | 45% |
Plus the 2% Medicare levy. Rates are a guide only — check the ATO for your circumstances.
This article is general information only and does not take into account your personal circumstances. It is not financial, tax or legal advice. Tax rules change and depend on your situation — confirm with a qualified professional or the ATO before acting.