28 May Self-Education as a Tax Deduction

Each year at around this time we are asked if paying for a qualification can be used as a tax deduction. We openly admit we are not accountants nor are we tax experts, but we are able to research the ATO’s website and it states:

What are self-education expenses?

Self-education expenses are the costs you incur when you:

• undertake courses at an educational institution (whether or not the courses lead to a formal qualification)
• undertake courses provided by a professional or industry organisation
• attend work-related conferences or seminars
• do self-paced learning and study tours (whether within Australia or overseas).

Eligibility to claim self-education expenses

You can claim a deduction for a self-education expense if, at the time you incur the expense, it has a sufficient connection to earning income from your employment activities.

Self-education has a sufficient connection to earning your employment income if it either:

• maintains or improves the specific skills or knowledge you require for your current employment activities
• results in, or is likely to result in, an increase in your income from your current employment activities.

https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/education-training-and-seminars/self-education-expenses

What this means is it is possible you can claim the expense but, to be 100% sure you need to contact either the ATO or a qualified accountant.

Remember if you intend to claim for an expense in this financial year it needs to be paid for by 30^th June 2025.

HBA offers:

• Training & Assessment Courses
• Work Health and Safety Course
• Auditing Courses
• Early Childhood Education & Care

Ready to enrol? You can do so HERE.

If you have any questions regarding the courses HBA offers, please call us on 1300 721 503.