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Are you entitled to a deduction for self-education expenses for your education program?
Yes. Your self-education expenses are deductible, as it is accepted the study meets the requirements detailed in Taxation Ruling TR 98/9. Further information about self-education expenses, and whether the deduction needs to be reduced by $250, can be found by searching 'QC 31970' on ato.gov.au This ruling applies for the following period : Year ended 30 June 20XX The scheme commences on: 1 July 20XX
You commenced work at XXX on XXXX. Your current fulltime role is XXX. You are currently enrolled in a XXX course with XXX. You have been selected to travel to the XXX to participate in a two week program with XXXX. The program starts on XXXX and finishes on XXXX. The program replaces a normal course unit at XXX. At the completion of your studies, you hope to progress to a more senior position in your same field of expertise with your current employer. Your employer supports your ambition to undertake the program. Your employer provided a letter of support. You will incur the following costs relating to the program with XXX: - Airfares: $XX - Study Tour - 1st Instalment: $XX - Study Tour - 2nd Instalment: $XX Total: $XX You are paying for the course fees using the Higher Education Loan Program (FEE-HELP).
Income Tax Assessment Act 1997 section 8-1
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