With the 31 October 2017 lodgement date deadline for 2017 individual tax returns approaching for those who do not lodge with a registered tax agent, it's worth taking the time to review any of your expenses during the financial year, incurred as part of your work or business, as you may be able to claim a deduction to reduce your tax bill.
In general, expenses are claimable when:
- You spent the money and weren't reimbursed by your employer
- The money spent was a work-related expense
- You have an official record of the expense – such as a receipt, bank statement or diary entry (though in some cases you may not have to show evidence if your total claim for work-related expenses is $300 or less)
- If the cost was for both work and personal use, for example home internet, you can only claim a portion of the expense.
The Australian Taxation Office (ATO) provides detailed categories of expenses you can claim on its website, which you can refer to for details on what you can claim. Some of them are outlined below.