Claiming All Eligible Deductions
January 22, 2025
Claiming All Eligible Deductions

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

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.

It's coming: the smoothest way to do your tax return. Keen to learn more?

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