Consumers risk partial refunds on EOFY sales purchases at tax time
Consumers aiming to write off EOFY sales purchases may not receive full refunds at tax time. Dr. Elizabeth Morton explains that deductions depend on tax rates and usage, with a $1,000 expense yielding only $300 for a taxpayer at a 30 percent rate. Buyers should verify the deductibility of their purchases before spending.
Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 21 Jun 2026, 18:52 UTC · Updated 21 Jun 2026, 19:00 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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