Are you a wage earner and undertaking additional study?

October 9, 2024

Emma Glover

If you are currently undertaking additional study, attending work conferences or seminars that relates directly to your job, you may be eligible to claim certain expenses as deductions against your assessable income.

Types of expenses you can claim:

• Course and tuition fees that are paid directly to the institute
• Books and stationery
• Depreciation on items such as desks and electronic equipment that may be needed
• Accommodation and meals (if required to stay overnight)
• Travel cost to and from educational institution

Types of expenses you can’t claim:

• Tuition fees paid by someone else or if your employer reimburses you
• Repayments of study and training loans (HELP & VET Loans)
• Accommodation and meals where you are not required to be temporarily away from home for one or more nights

To be able to claim the above expenses, you need to be able to establish a direct link between your studies and your CURRENT income earnings operations.

You need to be able to prove that the studies will either:

• Assist you to maintain your current income level
• Improve your prospects of additional, future income in your current occupation

It is all about your efforts towards self-improvement and development