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May 2026 Newsletter: ATO flags key focus areas for Tax Time 2026

Ahead of Tax Time 2026, the ATO has flagged a compliance focus on work related deductions and omitted income.

Taxpayers claiming working from home deductions can use either the actual cost method (with full records) or the fixed rate method of 70 cents per hour, which covers common running expenses including internet, phone usage, electricity and stationary. The ATO recommends using the myDeductions feature in the ATO app to simplify recordkeeping and lodgement.

The ATO is also reminding taxpayers to declare all income, including side hustles, cash earnings, interest and rental income. With Payday Super commencing from 1 July 2026, taxpayers should also check that their super details and contributions are up to date.

Finally, the ATO has warned against relying on misleading tax advice, particularly from online sources, AI tools and ‘finfluencers’, urging taxpayers to rely on trusted and authoritative guidance.  The ATO has emphasised that taxpayers remain accountable for ensuring the accuracy of their returns regardless of where advice was sourced.

From 'hacks' to half-truths: ATO warns of tax time misinformation and reveals focus areas | Australian Taxation Office