Yahoo Finance ‘Madness’: JB HI-FI launches massive tax sale
Electronics retailer JB HI-FI has launched its major tax time sale, with huge deals on TVs, computers and home appliances in line with the end of the financial year.
If you’re in the market for a Dyson, prices are slashed to $399 from $499.
Garmin watches are also on sale, with one model slashed to $549 - a whopping $450 off its regular price tag.
The outlet is chucking a bunch of TVs on sale too, with Smart TVs up for as low as $695. You can add in a Yamaha soundbar for $399 - $200 off its original price.
The Samsung Galaxy S10 is reduced to $999 from $1599 - a huge $600 saving.
The Galaxy Book S is down to $1,444 - $255 off its original price - and the Galaxy Tab is down to $934, which is $134 less than full price.
The Tax Time Madness sale runs until the 30th June.
Gamers also get a slice of the pie but for a limited time, with JB HI-FI reducing consoles, games and headsets until 18 June.
Also read: Expense vs tax deduction: How to claim 6 common work-from-home costs
Also read: Tax deductions to claim for working from home due to COVID-19
Can I claim my purchases on tax?
The beauty of tax time purchases is that you don’t need to wait too long to reap some of your spend back in tax.
If you spent money on something you needed for work, and weren’t reimbursed by your employer, you can claim a deduction for it - as long as you have a record (bank statement or receipt) to prove it.
If the expense was for both work and private purposes, you can claim a deduction for the work-related portion.
You can claim the full cost up to $300 for home office equipment, which includes computers, printers and telephones. For bigger amounts, a depreciation deduction in your tax return is permissible.
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