Teacher Tax Deductions

Author: Duncan Warnock CPA | May, 2014

If you work as a teacher then there are teacher specific as well as general tax deductions that you might be entitled to that you are not aware of. As a father of 2 school children I really admire the expertise, effort and patience of school teachers. I love to help teachers with their annual tax return to ensure they get the opportunity to claim all the tax deductions that you are entitled to.

5 examples of teacher tax deductions that you may be entitled to are:

1. Calculators & electronic organisers: A tax deduction is allowed for the work related portion of depreciation in relation to a calculator and/or electronic organiser.

2. Computer:  A tax deduction is allowed for the work related portion of depreciation in relation to a calculator and/or electronic organiser.

3. Union or professional association fees: A tax deduction is allowable for annul fees paid to unions and professional associations.

4. Teaching aids: A tax deduction is allowable for the cost of teaching aids to the extent they are used for work-related purposes

5. Professional Library: A tax deduction is allowable for depreciation of a professional library where the reference material content is directly relevant to the teaching activities.

In addition to the above examples a teacher may also be able claim expenses relating to the work related portion of self education, home office running expenses, mobile phone,   internet, photocopying  and professional publications amongst other things. 

For further assistance with the preparation of a Teacher Tax Return (or any other tax return), contact us to arrange a meeting with Duncan Warnock CPA from the Warnock Accounting Maribyrnong office.