Tax: 10 things you can claim With the end of the financial year just weeks away, tax time is right around the corner. And while sorting out your finances can be overwhelming, the good news is it doesn’t have to be. By understanding what you can claim, you’ll not only make tax time a breeze – but save yourself some cash too. 1. Meals and mortgage If you work for a not-for-profit or charity, chances are your employer offers salary packaging benefits. For many employees, that means you can make your mortgage or rental payments out of your pre-tax income. You may also be able to claim the cost of meals, entertainment and travel – and they don’t have to be work-related. Speak to your employer about your company’s policy and limits. 2. Travel expenses You may be able to claim a deduction for work-related car expenses if you drive to conferences or client meetings as part of your job. The same applies if you catch public transport to and from these venues – just remember to hold onto proof of these trips. 3. Clothing and laundry expenses If you wear a uniform to work, you may be able to claim the cost of washing, drying and ironing it. Under Government guidelines, a uniform is defined as an outfit that’s ‘unique’ to your workplace, such as a shirt with your company’s logo or print. To find out whether your uniform qualifies, visit the Government’s Approved Occupational Clothing Guidelines. 4. Self-education costs Work-related courses completed at a school, college or university may be tax deductable. But to get your claim over the line, you’ll need proof that your studies are directly relevant to your job such as a letter of support from your employer. 5. Home office expenses Working from home means you may able to deduct costs such as your computer or work-related phone bills. As long as you have the right records, you may also be able to deduct running expenses such as energy bills, repairs and cleaning costs. 6. Magazines, books and online subscriptions Do you subscribe to online news articles? Buy books regularly? If you can prove they’re work-related, you may be able to claim them as a tax deduction. 7. Tools and equipment Items purchased to help you in your job can be claimed, including calculators, computer software or protective products such as sunscreen or sunglasses for working outdoors. As a rule of thumb, if these items cost $300 or less, you can claim a deduction for their cost. If they’re over $300 you can claim a deduction for depreciation. 8. Conferences and seminars Just like work-related studies, you can claim the cost of going to a seminar, conference or workshop as long as they’re part of your job. This covers travel costs to and from the venue and the price of the conference itself. 9. Your NDP membership That’s right – being an NDP member could mean a bigger tax refund! As well as the cost of joining professional associations such as NDP, you may be able to claim a deduction on union fees. Just hang onto your member statements as proof for your claim. 10. Cost of managing your tax If you see an accountant or tax agent to organise your tax return, any fees paid may also be tax deductable. You can even claim the cost of travelling to your tax agent (limits apply) as long as you’re seeing a registered tax advisor. Visit the Tax Practitioners Board website for a list of registered advisors. Checklist: The golden rules of tax Use our list to make sure you’ve ticked all the boxes for making a legitimate tax claim. I paid for this expense in full and out of my own money This expense is directly related to my job I have proof of this expense (E.g. receipt, bank statement, bill) I have not already been reimbursed for this expense by my employer Did you know? Most Aussies are in the dark when it comes to claiming work-related expenses. Nearly half (40%) say they don’t know petrol can be claimed, followed by drycleaning uniforms (38%), office furniture (36%), stationery (35%), and computers/laptops (30%). Source: Officeworks Useful links: Round-up of tax deductions you can make: https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-youcan-claim/ How to choose the right accountant: https://www.moneysmart.gov.au/lifeevents-and-you/life-events/choosing-an-accountant Download the Australian Taxation Office App to organise your taxes on-thego: https://www.ato.gov.au/general/online-services/use-onlineservices/general-services/ato-app/ Disclaimer This factsheet is intended to provide general information only and should not be relied upon as legal advice. To discuss your personal circumstances, see a registered tax advisor or lawyer.