Get your Deductions Right

Written and accurate as at: 10 August 2014

If you are an employee you may be able to claim a deduction for some costs related to your job. However, there are rules that you need to check and records you need to keep.

As this video explains, the basic rules for claiming a tax deduction for work-related expenses are that you:

  • Must claim the deduction in the same income year that you made the purchase
  • Can’t claim an expense that has been, or will be reimbursed
  • May have to prove your claims with receipts

You can read more about tax in our tax module and find some handy tax time tips here.