Work-Related Expense Claims: Who Qualifies and What You Get
Learn how freelancers can reduce their taxable income by claiming professional costs like travel and agency fees.
This scheme allows freelancers to claim certain costs as tax deductions to reduce the total amount of income they are taxed on.
Who it's for
This is for freelancers who incur specific costs while earning their professional income.
What you get
You can reduce your taxable income by claiming expenses related to your work. This includes costs such as agency fees, makeup, and travel expenses incurred for your job.
What it costs you
There is no direct fee to use this system, but it does require significant record-keeping. You must keep all your receipts and documentation for a period of five years.
The catch to know
You cannot claim expenses that are considered private in nature. For example, you cannot claim the cost of standard everyday clothing.
How to apply
- Keep all receipts and records for every work-related expense.
- Total your expenses for the financial year.
- Include these totals when you lodge your tax return.
- Check the official portal for the current rules and guidance.