Common Work-Related Deductions
Understanding which expenses are tax-deductible can help you maximise your refund. Here are some common deductions to consider:
General Deductions
- Tools, Equipment, and Uniforms: Expenses related to items required for your job, such as uniforms or specific tools.
- Home Office Costs: Include electricity, internet, and other costs if you work remotely.
- Travel Expenses: Mileage for work-related trips, excluding your regular commute.
Donations
- Charitable Donations: Gifts to registered charities are tax-deductible. Ensure you keep receipts for all donations made.
Self-Education Expenses
- Course Costs: Tuition, textbooks, and other expenses for courses directly related to your job.
Industry-Specific Deductions
- Many industries, such as healthcare, retail, and education, have unique deductions. Visit our Industry-Specific Deductions Guide for more details.
Super Contributions
- Voluntary Contributions: Additional contributions to your super fund may also be deductible.
Using the Cado Tax app, you can scan receipts and organise expenses to ensure you don’t miss any eligible claims. The app’s AI-powered deduction finder tailors suggestions to your profession and expenses.
For a comprehensive list of potential claims, check our Work-Related Deductions Guide
FAQs
What proof do I need for deductions?
Keep receipts, invoices, or bank statements as evidence for any deductions you claim. For work-related expenses, ensure they are directly connected to your job.
Can I claim deductions for home office expenses?
Yes, if you work from home, you can claim a portion of your electricity, internet, and equipment costs. Use our Home Office Deductions Guide for detailed instructions.