Teachers are eligible for a variety of tax deductions. Tax returns can be a stressful process, particularly if you're not sure exactly what you're entitled to claim. It's for that reason we put together the guide below; for you to stay up-to-date on all the tax rebate benefits available to educators.
Tax Deductions for Teachers: Meals and Travel
The cost of meals may be claimed by teachers when working overtime if they receive an industrial award-based meal allowance from their employer. Your PAYG certificate shows that allowance separately. You can claim the actual cost of the meal or up to the Australian Taxation Office allowable limit without keeping receipts. The receipts for claims over that amount must be provided.
Whenever you travel to or from a meeting, seminar, conference, or training that isn't held at your usual workplace, you may claim the cost of travel (including parking, tolls, taxis, and public transportation).
A tax claim for the cost of accommodation and any meals consumed while away from home can be made if you are required to stay away from home for the reasons listed above.
Using your personal vehicle for business purposes, like travel to meetings, training sessions, picking up teaching supplies, or going on excursions, is tax deductible. It is important to keep a diary of the number of kilometers you have traveled and review all the possible methods for claiming motoring expenses.
Tax Deductions for Teachers: Uniforms and Protective Clothing
Getting your uniform branded with your employer's logo qualifies you for a tax deduction as a teacher.
Teaching protective clothing item can be claimed as a tax deduction, including:
Glasses and gloves are safety item
Lab coats, aprons and art smocks
Sunscreen and protective clothing (for yard duty)
Although your employer may require that you wear certain items (such as business suits, specific colors of clothing or certain brands owned by your employer), conventional clothing is not tax deductible.
Several work-related or protective clothing items are eligible for reimbursement, with the following conditions:
There is no need to submit written documentation if your tax deduction claim for laundry is under $150. According to the Australian Taxation Office, the cost of laundry is $1 per load of work-related clothing or 50 cents per load if other laundry items are included.
Keep receipts if you are claiming dry-cleaning or clothing repairs.
Tax Deductions for Teachers: Equipment and Tools
For work related equipment and tools that cost less than $300 each, you can claim a tax deduction.
Depreciation must be taken over the useful life of items worth over $300 each. In the depreciation calculator, you can enter the item and it will calculate the correct claim for this year and carry forward the balance to next year.
A business-related portion of an item may be claimed even if it is also used for personal purposes.
Teachers are generally eligible to claim tax deductions for the following items:
Mobile phones, i-Pads and computers are examples of electronic equipment
A diary, an organizer, and a logbook
Cases and bags for laptops and briefcases
Tax Deductions for Teachers: Other Work Related Expenses
Among the other expenses teachers may deduct as part of their tax return are:
(For example, Teachers Federation membership fees)
Journals and magazines for professionals
Newspapers purchased for classroom use
Expenses related to home offices
Reference and teaching books
Conference and seminar fees
Telephone and internet fees (for the work related portion only)
Tax Deductions for Teachers: General Expenses
In addition, all Australians are entitled to a range of general tax deductions, including:
A self-education program
Fees paid to tax agents
Registered charities receive donations
Insurance for income protection
Feel free to contact us for any assistance you may require. At Instant Tax Refunds, we strive to provide high-quality service that constantly meets and sometimes exceeds our customers' expectations.