Work Related Deduction Examples…
- Note 1 – You need to list these separately above and tell us the basis (use Add Another for more fields)
- Note 2 – You must keep receipts if total deductions exceed $300, except for some verifiable estimates listed below.
- Note 3 – All must behave arisen in connection with your work, and an ATO Audit would verify this with your employer.
- Car Use – Provide an estimate of work-use kilometres up to 5000 kms, car rego and engine size. Exclude from/to home.
- Car Use 2 – Or provide all vehicle details and costs for us to use another method. Use the Unsure space below.
- Travel Expenses – Provide any travel costs, car hire, fares, tolls or parking fees where necessary for work.
- Uniforms – Provide cost of compulsory, protective or occupation-specific uniform. Excludes everyday clothing.
- Laundry – Provide estimate up to $150 for weekly laundry & dry-cleaning of uniforms and protective clothing
- Self-Education – If related to current work, provide course name, fees, books, travel, equipment, less first $250
- Fees – Provide union, professional, and trade fees & registrations. Also Check your PAYG Summary for these.
- Training – Provide the cost of work seminars, courses, conferences & workshops, and related costs.
- Books & Periodicals – Provide cost of reference books, journals, trade magazines and online subscriptions
- Safety items – Safety or protective items such as hats, safety glasses, sun-protection & sun-glasses if work-related.
- Tools & Equipment – If under $300, Provide details for 100% deduction, and apportion for any personal use.
- Depreciation – Provide details of items over $300, to depreciate over useful life, or 37.5% if under $1000.
- Home Office – Provide work-use proportion of telephone, internet or electricity bills.
Other Deduction Examples…
- Income Protection – Insurance Premuims for work income are deductible. Life insurance is never deductible.
- Investment deductions – Claim any financial advice, transaction fees, or interest costs on loans to invest
- Donations – Made to an approved charity or other organisation
- Tax Agent – Fees Don’t forget to include tax return fees paid during the year, as well as any ATO interest imposed.