The Government has now confirmed its April 2013 announcement that it will cap claims for work-related self-education expenses.

Currently, the maximum allowable tax deduction for work-related self-education expenses is uncapped. From 1 July 2014, there will be a $2,000 per person, per year cap on deduction claims for work-related self-education expenses.

This will limit deductions on costs incurred in undertaking courses and attending conferences and workshops such as tuition fees, student union fees, textbooks, travel & accommodation expenses, stationery and computer expenses, where these expenses are incurred in the production of the taxpayer’s current assessable income.

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