Tax Tips – Teacher

Checkout the summary of common deductions and top tax tips to maximise your tax back for teachers and education professionals.

🙂 You can claim deductions for the work related portion of excursions and camp costs, as well as first aid courses and protective gear (e.g sunglasses, sunhats)

🙁 You cant claim the cost of gifts you buy for your students or any time you pay for their personal expenses (e.g. their lunch, excursion fees or school books).

🙂 You can claim self education expenses if the course relates directly to your current job.

🙁 You cant claim a deduction if your study is only related in a general way to your job, or is designed to help you get a new one.

🙂 You can claim a deduction when you drive between alternative workplaces for the same employer on the same day (e.g. from your school to another school to supervise an exam).

 

Need more information tailored to your circumstance?  Want to maximise your legal refund? Reach out to us on 03 7022 6838, email: hello@wdsconsulting.com.au or fill out our website contact form.

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