Are my work related expenses deductible?

Yes. Tax deductions include work-related expenses that you paid for while performing your job.

You can claim deductions for certain expenses directly related to earning your income. When you complete your return, subtract these deductions from your total income to arrive at your taxable income. The more deductions you are able to take, the lower your tax burden will be.

 

According to the ATO, there are a few basic rules you have to file when it comes to deductions.

  • You can only claim deductions in the same income year that you made the purchase.
  • Do not claim expenses that were reimbursed.
  • You can only claim expenses incurred in earning your assessable income – not private, domestic, or capital expenses.
  • Keep written records of all your deductions.

 

Tax deductions include work-related expenses that you paid for while performing your job. You had deductible expenses if you:

  • You are not reimbursed
  • The expenses are related to your income
  • Received a bill or invoice for a work-related expense that you were liable and paid for
  • Did not receive a bill for what you paid for
  • Received a bill or invoice for a work-related expense that you were liable and paid for
  • You did not receive a bill for a work-related expense but you paid it

Australian workers benefit from an extensive number of deductible work expenses. In all cases, it is advisable to hold to your receipts: an expense you thought unrelated to your work may well be deductible in Australia.

Deductions – Biscuit Manufacturing

Biscuit manufacturers oversee the daily operations of food processing. They ensure that production meets health, sanitation, and quality standards set by the corporation, food industry, and government agencies.

 

Expenses:
  • Annual registration renewal fees
  • Food safety program costs
  • Gloves for handling ingredients
  • Cleaning supplies/services
  • Ingredients – flavors, spices, flours, oils, etc.
  • Depreciation of machinery and equipment for making biscuits

Deductions – Pathologists

A pathologist is a physician who studies body fluids and tissues, helps your primary care doctor make a diagnosis about your health or any medical problems you have, and uses laboratory tests to monitor the health of patients with chronic conditions.

 

Expenses:
  • Flow cytometer
  • Manometers
  • Spirometer
  • FNAC needles
  • Trephine biopsy needles
  • Tissue section floating baths
  • Haemocytometer
  • Exam gloves
  • Lab/exam coats

Deductions – Taxi Drivers

Taxi drivers transport passengers from a pick-up point to the desired destination.

 

Expenses:
  • Car maintenance (oil changes, inspections, tire rotation, etc.)
  • Lease payments or depreciation value if you own the vehicle
  • License and registration fees
  • Gasoline and fuel costs
  • Parking fees
  • Business cards
  • Filing cabinets and file folders
  • Any equipment used in the vehicle

Deductions – Dermatologists

Dermatologists specialize in preventing, diagnosing, and treating skin diseases and conditions.

 

Expenses:
  • Medical supplies, equipment, medicines, and materials
  • Professional subscriptions, accreditations, memberships, and literature
  • Tuition/education costs relating specifically to income-earning activity
  • Travel from client to client or from one place of work to another
  • Computer and office equipment
  • Professional indemnity insurances
  • Lab coats
  • Exam gloves