ATO myDeductions
Why We Recommend Using the ATO App’s myDeductions Tool
Keeping track of tax deductions doesn’t need to be stressful. The ATO’s myDeductions tool, available within the ATO app, is an easy and efficient way to record expenses, travel, and income — and it’s one we highly recommend.
What It Does
myDeductions is a free record-keeping feature for both employees and sole traders. It allows you to record:
Work-related expenses such as uniforms, travel, and self-education costs.
Business income, business expenses, and car trips (logbooks).
You can then email your records to yourself or your tax agent, or upload them directly to the ATO to help pre-fill your tax return. Records are stored on your device, so remember to back them up regularly.
Why We Recommend It
Convenient and organised: Snap photos of receipts, log trips, and store everything in one place throughout the year — no more end-of-year rush.
Accurate and reliable: Keeping records as you go helps you substantiate claims and avoid missing deductions.
Suitable for everyone: Whether you’re an employee or a sole trader, myDeductions supports most types of income and expense tracking.
Integrated with your tax return: Uploading your data helps pre-fill your tax return, reducing manual entry and the risk of errors.
Best Practice Tips
Only one person can use the tool per device.
Back up your data to avoid losing records.
Once uploaded, records for that financial year can’t be changed.
Keep your entries accurate, especially for vehicle and trip records.
Final Thoughts
myDeductions is a simple, smart way to stay organised and save time at tax time. By recording receipts and expenses as they happen, you’ll reduce stress, improve accuracy, and make life easier for both you and your tax agent.
We recommend downloading the ATO app, setting up myDeductions, and making it part of your routine this financial year.