Self-Education Expenses: Who Qualifies and What You Get
Learn if you can claim course fees as a deduction to help offset the cost of upskilling for your current trade or profession.
This scheme allows you to claim a deduction for the costs of studying to improve your skills in your current job.
Who it's for
This is for people who need to upskill to maintain or improve the specific skills required for their current employment, such as an electrician taking a course to learn about new technology.
What you get
You can claim a deduction for your course fees if the study is directly related to your current work. This helps reduce your taxable income by offsetting the cost of your education against your earnings.
What it costs you
To claim these costs, you must be able to prove that the course maintains or improves the skills you need for your existing job. You will need to keep records and documentation of your expenses and the relevance of the study to your current role.
The catch to know
You cannot claim the first $250 of expenses if they fall under the category of "non-deductible" self-education.
How to apply
- Gather all receipts and documentation related to your course fees.
- Ensure you can demonstrate how the course relates to your current work duties.
- Include these expenses when you prepare your tax return.
- Check the official portal for specific guidance on what qualifies as a deduction.