How you can maximise your tax return by donating to charity this end of financial year 

What does the end of the end of financial year (EOFY) and how do you benefit?   

With the end of financial year now upon us, there’s no better time to donate to charity, fulfill your religious obligations and help vulnerable communities across the world – all while maximising your tax refund!  

How do donors benefit from EOFY?  

For every gift you give to a charity (the charity must have DGR status), you’re able get a tax deduction. Simply put, a donation to a charity allows working Australians to get the most out of tax time by paying less tax.  So, not only is it rewarding but effective in reducing your taxable income!    

Australian giving EOFY  

According to GiveNow’s Who Gives? report giving during the end of financial year is twice as much as giving during December, a popular time, for Australians to donate charity. 

Check out our What We Do page to learn more about some of the programs you can give to before the end of the financial year!