Work Related Self Education Expenses Springvale
Work related Self Education expenses are incurred when you undertake a course which results in a formal qualification; and one that relates directly to your current job. It can be confusing to most to try and work out what can and cannot be legally claimed as an expense. At MAS Tax Accountants Springvale, our Mobile Accountants will come to the place of your choosing to make sure you are claiming all you are eligible for, ensuring you always get the biggest refund available to you.
The test for a sufficient connection to your employment means that the course must:
- Maintain or improve specific skills and knowledge you require in your current employment
- Result in an increase in your income from your current employment
You cannot claim the Self Education Deduction if:
- The course is only generally related (for example, if you are doing a computer engineering course and you sell computers)
- It enables you to get a new job
If the course is sufficiently connected, you can claim the following expenses:
- Accommodation and meals (if away from home overnight)
- Computer consumables
- Course fees
- Decline in value for depreciating assets (cost exceeds $300)
- Purchase of equipment or technical instruments costing less than $300
- Equipment repairs
- Fares
- Home office running costs
- Internet usage (excluding connection fees)
- Parking fees (only for work-related claims)
- Phone calls
- Postage, stationery
- Student union fees, student services and amenities fees
- Textbooks, trade, professional, or academic journals
- Travel to and from education institution
You cannot claim the following expenses:
- Repayments of Higher Education Loan Program (HELP) loans
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- HECS-HELP
- FEE-HELP
- OS-HELP
- VET FEE-HELP
- SA-HELP
- Student Financial Supplement Scheme (SFSS) repayments
- Home office occupancy expenses
Learn more about our Springvale office and the Tax, Accounting, Bookkeeping, Business Services and Mortgage Broking services that we provide.
For more information or to make an appointment, please contact us below or call 1300 627 829.
