Beware of ‘tax hacks’ to maximise your return this year. The tax office is taking a close look at incorrect claims

For many people a tax refund is a much-anticipated lump sum of money.

So, it is understandable Australians will be looking for ways to maximise their returns – particularly we are in a cost-of-living crisis.

But, whether you do your own return or use a tax agent, taking risks is not advised.