Self-Education Expenses Deduction: Who Qualifies and What You Get
Learn how to claim tax deductions for study costs that help you maintain or improve your current professional skills.
This scheme allows you to claim a tax deduction for the costs of studying to maintain or improve the skills required for your current job.
Who it's for
This is for workers who are undertaking study to keep up with current industry standards or to improve their skills for the job they are currently performing.
What you get
You can claim a deduction for various costs related to your learning, such as course fees, books, and the travel expenses required to attend your studies.
What it costs you
There is a limit on what you can claim, as the first $250 of your total expenses cannot be deducted. You will also need to keep records and receipts to prove your spending.
The catch to know
The most important rule is that your study must be directly related to your current work. You cannot claim expenses for a course that prepares you for a completely new job or a different career path.
How to apply
- Keep all receipts and records of your study-related spending.
- Ensure the course is directly connected to your current employment.
- Include your total eligible expenses when you lodge your tax return.