As a nurse it's often confusing knowing what you can and cannot claim as a tax deduction. The amazing team at YOUTax have provided us with information to help you get it right.
Tax Deductions for nurses, midwives and direct carers can include:
- Car expenses
- Travel expenses
- Clothing expenses
- Self-education expenses
- Meal expenses
- Phone expenses
There are also those 'other expenses' that you may not have considered.
Here is a list of other expenses commonly incurred by nurses.
Remember you can't claim costs met by your employer or costs that are reimbursed.
Capital Allowance Deductions
You may be able to claim a capital allowance deduction, including:
- calculators and electronic organisers
- computers and computer software
- answering machines, phones, facsimile machines, mobile phones, pagers and other telecommunications equipment
- a professional library
- tools and equipment
- dedicated stopwatches and fob watches (but not ordinary wristwatches).
Agency commissions and agency fees
You can claim a deduction for commission payments you made to a nursing agency. You can't claim
- if your employer has paid the commission payment for
- upfront fees, joining fees or search fees paid to a nursing agency.
Annual practising certificate fees
You can claim a deduction for the cost of renewing your annual practising certificate.
First aid courses
You can claim a deduction for the cost of first aid training courses if you, as a designated first aid person, are required to undertake first aid training to assist in emergency work situations.
You may be entitled to claim deductions for running costs, however, occupancy expenses are generally not deductible for an employee. You must keep records. See, Home office expenses.
You can claim the cost of interest on money borrowed to purchase work-related equipment. If the equipment was also used for private purposes, you can't claim a deduction for that part of the interest.
Seminars, conferences and training courses
You can claim a deduction for the cost of attending seminars, conferences and training courses that are sufficiently connected to your work activities.
You can claim a deduction for the cost of street directories,logbooks, diaries, pens and other stationery to the extent that you use them for work.
Technical or professional publications
You can claim a deduction for the cost of journals, periodicals and magazines that have a content specifically related to your employment as a nurse.
Repairs to tools and equipment
You can claim a deduction for the cost of repairing tools and equipment for work. If the tools or equipment were also used for private purposes, you can't claim a deduction for that part of the repair cost.
Professional association and union fees
You can claim a deduction for these fees. If the amount you paid is shown on your payment summary, you can use it to prove your claim. You can claim a deduction for a levy paid in certain circumstances, for example, to protect the interests of members and their jobs.
For further information and helpful advise visit You Tax