Refresher on deductibility of self-education expenses (April 2024 Tax Update)

Relevant For:

Employees planning to claim tax deductions on self-education expenses.

Key Points:
  • Self-education expenses are deductible when they enhance skills or income related to your current work.
  • Eligible expenses include course fees, conference attendance, and related travel costs, whether domestic or international.
  • Deductions apply if the education maintains or improves skills pertinent to your current income-earning activities, or if it likely leads to an income increase.
  • Expenses incurred for education aimed at new employment or income streams are not deductible.
  • Partly deductible expenses must be apportioned based on their relevance to income-earning activities.
  • You can’t claim a deduction for any government assistance you receive in the form of rebatable benefits (eg Youth Allowance, Austudy, ABSTUDY).

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