Deductions - Spencer Accountants

Deductions You May Be Able To Claim

In your tax return

Spencer Accountants have prepared a generalised income checklist which may assist you in gathering appropriate documents

Deduction Checklist

Work-Related Expenses

To claim a deduction for a work-related expense, you must meet the 3 golden rules:

You must have spent the money yourself and weren't reimbursed.

The expenses must directly relate to earning your income.

You must have a record to prove it (usually a receipt).

You claim these in your tax return at the 'Work-related expense' sections.

If the expense was for both work and private purposes, you only claim a deduction for the work-related use. You can't claim a deduction if your employer pays for or reimburses you for any of these costs. If we think your employer may reimburse you for your expenses we may ask them.