CATS4TAX – Tax Tip #6
You may be eligible to claim a deduction for your expenses directly related to undertaking study which has a sufficient connection to your current employment.
The study maintains or improves the specific skills or knowledge you require in your current employment.
The study results in or is likely to result in an increase in your income from your current employment.
You cannot claim a self education deduction for a course:
Related only in a general way to your current employment or profession.
Will enable new employment opportunities.
Claimable Expenses
Tuition fees – paid by you and not reimbursed.
Computer consumables.
Textbooks.
Professional or Academic Journals.
Stationery.
Home office running costs.
Internet usage (excluding connection fees).
Phone calls.
Postage.
Student services/amenities fees.
Travel costs, car expenses between home and the place of education and between work and education.
Depreciation assets.
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IMPORTANT DATES:
BAS DUE DATE Q4 – 28 JULY
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