Best Tax Deductions to Claim for FIFO Workers
FIFO Workers work long distances from their home and consequently fly to and from work (every 2 – 6 weeks).
Employment Profile
- Average weekly pay: $2,340.55
- Employment size: 84,000
- Future growth: Moderate
- Skill level: Certificate III
Typical tax deductions include:
- Motor vehicle travel to and from work if required to transport bulky equipment and there is no secure storage at the workplace.
- Telephone and internet – work %.
- Protective clothing and equipment including fire-resistant clothing, safety-coloured vests, steel-capped boots, breathing masks, gloves, and overalls.
- Compulsory work uniform branded with the employers logo.
- Sun protection costs including sunglasses and sunscreen lotions – includes prescription sunglasses which are photo-chromatic glasses which have filtering and glare-reducing qualities similar to sunglasses.
- Union fees, machinery operating licences, registrations, and subscriptions.
- Computers, travel bags, overnight bags, suitcases, luggage trolleys, tools and equipment.
- Medical examination, drug or alcohol tests for work.
- Courses, seminars and self-education expenses.
- Home office running expenses.
- Overnight travel expenses attending different workplaces or for training.
Professional memberships.
Non-deductible expenses:
- Travelling between home and the place of departure (airport) under fly-in/fly-out arrangements – e.g. taxi fares to the airport are non-deductible.
- Alcohol consumed at work functions/events or that has the character of entertainment.
- Relocation expenses if required to relocate closer to a new employment site.
- Security checks prior to getting a job.
Tax Strategies we can assist you with.
- Transporting heavy or bulky equipment
- Self-education expenses
- Sunglasses, sunscreens and cosmetics
- Computers, tools, equipment and other assets
- Protective clothing
- Compulsory work uniform
- Union fees, licences, registrations and subscriptions
- Phone and internet
- Home office running expenses
Click here to see Tax Calculator for FIFO Workers.
Stephen is the CEO of Accountants Direct and is a Professional Director, ASIC Agent, Startup Advisor & Investor & Capital Raising Specialist.
Contact Stephen or his team if you have any questions about this post or any business matter in general.
