McKern News

Claiming a deduction for study expenses

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Study and education can be a significant expense and when it comes to claiming a tax deduction for these there are some rules the Tax Office have set to be aware of. In short, generally if your study is being undertaken while you are employed and deriving income within the same industry as your course the expenses will be deductible.

We have compiled a fact sheet here with more information on self education expenses and are always happy to discuss your specific situation should you have any questions at all!