Money Doesn’t Come Without Guidance ...
Education is the backbone of a society. Education professionals help the society by educating the people. Thus, Australian Tax Office recognises their contribution to the society and offers them tax deduction on various expenditures.
Individuals in the education industry are entitled to claim deductions for expenses, which are directly related to their work. To claim a work-related deduction the expenditure must be for work purposes and they must have a record to prove it. Employees in this industry can claim a deduction for certain expenses such as:
Travel Expenses Related to Work:
Overnight Travel Expenses:
Self-education Expenses Related to Work:
Home office expenses: