TaxSmart Cafe - Wyndham

Charitable giving before June 30 is a genuinely win-win financial and social action. You support causes you care about, and you receive a tax deduction that reduces your assessable income for the 2025–26 year. With only 12 days left, now is the time to make those donations.

Remember: to claim a tax deduction, the donation must be $2 or more, made to a Deductible Gift Recipient (DGR) organisation, and must be a genuine gift (not in exchange for goods or services of significant value). You can verify DGR status at ato.gov.au/ABNLookup.

Some giving strategies to consider: make a single larger donation to a cause you're passionate about (more impact, same administrative effort); consider a workplace giving arrangement if your employer offers one (donations come directly from pre-tax salary, making them even more efficient); investigate donor-advised funds or community foundations, which allow you to make a tax-deductible donation now and direct the funds to charities over time.

For high-income earners, charitable giving can be particularly tax-efficient. If you're in the 47% tax bracket (including Medicare Levy), a $10,000 donation effectively costs you $5,300 after the tax benefit. That's a powerful way to amplify the impact of your giving.

TaxSmart Cafe can advise on structuring your charitable giving for maximum tax efficiency. Come in before June 30 and let's make the most of your generosity.