Can you claim tafe fees on tax

Now, read on to see the list of items that you can potentially count as tax deductible. Consider deducting:. Here's some more good news.

If you've borrowed money from a private financial provider to fund your course fees, the interest you've paid during the financial year is tax deductible under self-education expenses. Consult your lender to calculate the interest amount you can deduct for As with all financial matters, you should consult your own registered financial adviser or the Australian Taxation Office ATO to be sure that this general advice suits your individual circumstances. The ATO's e-tax facility allows you to lodge your claim online and guides you through the requirements step by step.

Give this a go if your tax affairs are pretty simple. You cannot claim deductions for education expenses that may lead to you gaining employment in a completely unrelated profession. Expenses that fall in Category A are as follows. Tuition fees. Transport expenses. Home office running expenses. Expenses such as the following are included in this. Child care costs related to attending lectures.

To have this connection, it needs to: Maintain or improve the specific skills or knowledge you require in your current employment; for example: Jeff is a warehouse manager. He completes a training course which licences him to operate additional machinery types at work. Upgrade your qualifications for your current employment; for example: Rebecca is employed as an accountant and currently holds a Bachelor degree.

She completes the Graduate Diploma of Chartered Accounting. Form part of a traineeship that you are employed in; for example: Mark needs to complete a variety of courses through TAFE as part of his traineeship, Result in, or be likely to result in, an increase in your income from your current employment; for example: Sally, a secondary school teacher, will receive an automatic pay increase upon completing a university course in behaviour management.