Questions About Deductions
June 9, 2022
You can claim a tax deduction
Uniform, Clothing, Laundry and Dry Cleaning
Most of the costs associated with self-education can be deductible, for example:
but self-education expenses can be deducted only when the study maintains and improves a skill required for current work, or increased income in current occupation, instead of getting a new job.
Cost of Managing Tax Affairs
Fees and commissions paid to professional advice, like tax agents, tax advisors or enrolled legal practitioners, on income tax matters are deductible.
Income Protection Insurance
A deduction can be claimed for a premium paid for insurance against the loss of income. To be deductible, the benefits afforded by the policy must provide the taxpayer with assessable income during a period of incapacity