There are a great many tradie tax deductions you may be entitled to claim on your tax return. Unfortunately, a good number of tradies miss out on hundreds of them every year. This leaves their hard-earned cash in the pockets of the ATO and that’s plain crazy!
If you work in construction, building, horticulture, civil or any kind of trade then here is a list of things you may be able to claim this end of financial year.
Tradie tax deductions include:
- Clothing (must have business logo)
- Tools and equipment – purchase, lease or repairs
- Technical instruments.
- Protective items (hard hats, steel cap boots, safety glasses etc.)
- Laundry/cleaning of work clothes
- Sunscreen and sunglasses (if you work outside)
- Tablet, computer and mobile phone expenses (work related portion only)
- Work related software and computer accessories
- Home office running expenses (if applicable)
- Filing cabinets and bookshelves
- Desks, chairs and lamps
- Internet expenses (apportioned)
- Training courses, (if directly related to your current role)
- Professional libraries
- Journals/Manuals
- Car/vehicle expenses including parking, tolls, running expenses, fuel, km driven etc.
- Travel expenses (between sites, to pick up equipment, to training courses or meetings)
- Accommodation expenses when working away from home
- Union fees
- Insurances
- Licenses, permits and certifications! – ENROL TODAY!
*This is not financial advice. FTA advise that you speak to a financial adviser or accountant to confirm.
Information provided by Etax Local: https://www.etaxlocal.com.au/tradie-tax-deductions/
Are you trade qualified?
Become qualified today.
Comments are closed.