Australians are missing out on claiming a tax deduction for a little-known personal expense, new data has revealed. 7NEWS
A course is also deductible if it improves the specific skills required for that role, or is likely to increase your income.If the course is only related in a general way to your current employment or was used to retrain for a new role, it cannot be claimed.
Other educational expenses that can also be claimed includes tuition fees, printer cartridges, textbooks, stationery, home office running costs, phone calls and amenity fees. People can also claim back tax on depreciating assets purchased for more than $300, such as laptops and printers or other items that lose value over time.
In some cases travel costs, such car expenses when travelling between home and place of education, can be claimed.
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