A tax expert has recently shared a list of surprising items that Australians may not realize they can claim back at tax time as July 1 approaches. Here are some unexpected tax deductions that you might be eligible for:
Work-related education
If your job requires education or training, any expenses paid by you - such as conference or seminar fees, travel, and accommodation - can be claimed back, as long as they are not reimbursed by your employer.
Essential items
Items essential for your job, like sunglasses for drivers or protective footwear, can be tax-deductible if you have receipts to prove that you paid for them.
Transportation costs
Driving costs incurred for work purposes, such as commuting between offices or locations, are claimable as expenses for many individuals.
Overtime meals
Costs of meals purchased and consumed while working overtime can be claimed, especially if they were not provided by your employer.
Maintaining hygiene
If your job involves regular interaction with customers and surfaces, expenses for items like gloves and hand sanitizer can also be claimed.
Sleeping essentials
Truck drivers can claim the costs of sleeping necessities like sleeping bags and pillows for mandatory long rest breaks away from home.
Tools and equipment
The costs of tools and equipment essential for work can be claimed as an immediate deduction if they do not exceed $300, or spread over multiple years.
Media subscriptions
Subscriptions to news publications or professional magazines required for your job can also be claimed back as expenses.
Home office expenses
Expenses related to setting up a home office, such as a computer desk, chair, or laptop bag for office commutes, can be deducted.
Tax return preparation
The costs associated with seeking professional tax advice and preparing your tax return can also be claimed back, so seeking support from a tax agent can be financially beneficial.
As you prepare to file your taxes this season, remember to keep these unexpected deductions in mind to potentially maximize your tax refund.