5 things to spend your tax refund on (and it's not a big screen TV)

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Smart ways to make your tax refund work for you.

I'll never forget, years ago in my 20s, asking a friend where she bought her awesome jeans.
 
"These are my tax return jeans!" was her response. 


A tax refund can seem like free money. But it's not - it is your own hard-earned cash. It's money you weren't relying on to live day-to-day. Now is your chance to turn those tables and make that money work hard for you!

A few key points to remember:

  • Many people wait until right before the October deadline to do their return. But you could be using that money months earlier.
  • Don't forget that payment summaries (group certificates) are a thing of the past - you'll find all those details on your myGov account.
  • You may receive a bigger than normal refund this year by claiming eligible work-from-home deductions due to COVID-19. Check out our checklist here to be sure, or ask your accountant.


Here's a few ideas on how to make the most of tax time.



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