People get mixed up chasing deductions but rebates are worth a lot more than any deduction.
As tax planning goes, rebates might not be top of mind for exciting minimisation opportunities. But, according to income tax experts like Brass, they are worth a lot more than any of the more exotic strategies touted in the marketplace. Tax rebates are a range of concessions that the Government gives us to compensate for the expenses or loss of income incurred in our everyday lives. They might compensate for the costs of getting over an injury, or for the effort involved in looking after an invalid mother, or to encourage a husband's contributions into his partner's super fund while she brings up children. Deductions, on the other hand, are all those costs and expenses incurred in the process of earning an income.