how much per km can i claim on tax

Ah, the sweet smell of tax deductions! In Australia, the ATO’s standard rate for claiming car expenses using the cents per kilometre method is 72 cents per km for the 2023-24 financial year. You can claim this for up to 5,000 km annually without needing to provide written evidence (which is basically a free pass for the lazy). Beyond that, you’ll need detailed logbooks — yes, those pesky things.

Remember, this rate covers fuel, maintenance, depreciation, insurance, and all the other joys of car ownership. Always check the latest from the ATO or chat with your accountant to avoid any unwelcome surprises come tax time.