Deductions, deductions, deductions. What can you claim this year?

With the end of the financial year fast approaching, now is the time to start thinking about tax returns and how you can maximise your personal benefits after June 30. How savvy are you with accountancy? When it comes to tax returns, many taxpayers fail to realise the extent of their entitlements. For instance, did you know that self-education and higher learning expenses are claimable where study is work related? As long as the course satisfies set requirements, fees and other expenses are tax deductible where the study results in a formal qualification that develops knowledge or particular skills for current and future employment.

So what are you waiting for? Build upon your current skills or take a leap on something new with one of 9 comprehensive courses currently available online through QTS, all of which are completely tax deductible! Studying online enables total flexibility for you to decide when and where you complete course requirements without interfering with work and other life commitments. Travel, classrooms and timetables are a thing of the past with QTS online study. Everything from course material and assessments to teacher contact and support is readily accessible online, making it so simple to boost knowledge and skills at your own pace. And it’s tax deductible!

To assist in making this year’s return super simple, we have compiled a checklist of things you can and can’t claim when including study on your tax.

Items and expenses you CAN claim on tax:

  • Computer consumables
  • Course fees
  • Purchase of equipment or technical instruments (up to $300)
  • Equipment repairs
  • Fares
  • Home office running costs
  • Internet usage
  • Parking fees
  • Postage
  • Stationery
  • Student union fees
  • Student services and amenities fees
  • Textbooks
  • Trade, professional, or academic journals
  • Travel to-and-from place of education


Items and expenses you CAN’T claim on tax:

  • Higher Education Loan Program (HELP) repayments
  • Student Financial Supplement Scheme (SFSS) repayments
  • Home office occupancy expenses
  • Meals (unless sleeping away from home)

If you’re interested in enhancing your business skills, enrol before June 30 and save with our EOFY sale on diplomas and certificates. In addition to receiving greatly discounted fees, claim it back immediately! For more information or to make an enrolment enquiry, contact us today.

Maximise your tax return in July 2017 and get ready to take on new challenges in your career!

Avatar photo
About the Author
Quality Training Solutions (QTS) is Registered Training Organisation (RTO), delivering nationally recognised courses. We offer a range of Certificate and Diploma courses as well as customised training and executive level courses. All courses and services are designed with flexible learning in mind and are tailored to meet the developmental needs of employers and individual students.

Leave a Reply


Please enter the CAPTCHA text