If you’ve thought about upskilling or undertaking professional development this year, you may be able to claim some of your self-education expenses in your 2024–2025 income tax return.
You incur self-education expenses when you:
- take courses at an educational institution (even if you don’t gain a formal qualification);
- undertake training provided by an industry or professional organisation;
- attend work-related conferences or seminars; or
- do self-paced learning and study tours in Australia or overseas.
Your self-education expenses need to have a sufficient connection to your current employment income in order to make a claim. This means that your study must eithermaintain or improve the specific skills or knowledge you use in your current role, or be likely to result in increased income in your current role.
Keep in mind that sometimes only certain subjects or components of your study are sufficiently connected to your work – in these cases, you’ll need to apportion your expenses.
If you meet the eligibility criteria you may be able to claim a deduction for:
- tuition, course or seminar fees incurred in enrolling in a full fee paying place;
- general course expenses (eg stationery, internet usage);
- depreciation on assets like laptops;
- transport costs between home or work and your place of study;
- accommodation and meals when your course requires you be away from home for one or more nights; or
- interest on loans where you use the funds to pay for deductible self-education expenses
Important: Clients should not act solely on the basis of the material contained here. Items herein are general comments only and do not constitute or convey advice per se. Also, changes in legislation may occur quickly. We, therefore, recommend that our formal advice be sought before acting in any of the areas.
