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Self-Education | Don’t forget to claim your tax benefits

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Course fees are not the only self-education expenses you can claim as deductions. You can get tax deductions for a huge range of equipment, materials, and other resource costs you incur as part of your education.

Below you will find an overview of what you can and can’t claim on your tax when you’re studying.

To help clarify what you personally can and can’t claim, contact one of our expert advisors today.


Course-related expenses you can claim when studying include:

  • Internet usage
  • Home office running costs
  • Phone calls
  • Paper Materials (textbooks, stations, postage)
  • Computer / Laptop
  • Lodging and meals (if you’re away from home overnight)
  • Parking fees
  • Travel fares


Things you can’t claim for self-education include:

  • Repayment for Student Financial Supplement Scheme
  • Repayment for loans like the Higher Education Loan Program
  • Expenses for home office occupancy
  • Meals at home

As with all of your finances, it is important to keep copies of your receipts, log your time using items like the computer or study and keep details records of your expenses.


How to Calculate Your Tax Deductions

There is a quick self-education expense calculation on the Australian Tax Office website – Start calculating your tax benefits now. 

For further assistance contact your STS Accountant and supply all your financial information. Your expert accountant will examine and calculate your income and expenses and assist you in lodging your return, simply and hassle-free.

For more information contact STS Accounting Group now. Just one conversation has the power to improve your personal and business wealth today.