Tax Deductions for Actuaries, Mathematicians and Statisticians

Best Tax Deductions to Claim for Actuaries, Mathematicians and Statisticians

Actuaries, Mathematicians and Statisticians develop and apply actuarial, mathematical, statistical and quantitative principles to solve problems in a range of fields such as business, finance, scientific, social, and engineering.

Employment Profile

  • Average weekly pay: $2,465.30
  • Employment size: 9,240
  • Future growth: Very Strong
  • Skill level: Bachelor degree or higher

Typical tax deductions include:

  • Motor vehicle travel visiting clients, attending different workplaces, and attending training courses.
  • Overnight travel expenses for work purposes including airfares, meals and accommodation.
  • Handbags, briefcases, and satchels.
  • Computers, equipment and other assets.
  • Phone and internet – work %
  • Professional seminars, courses, conferences and workshops.
  • Reference books, technical journals and trade magazines.
  • Self-education courses related to the current job.
  • Home office running expenses.

Professional memberships.

Non-deductible expenses:

  • Cost of business lunches and social functions.

Tax Strategies we can assist you with.

  • Self-education expenses
  • Computers, tools, equipment and other assets
  • Union fees, licences, registrations and subscriptions
  • Phone and internet
  • Motor vehicle expenses: cents per km method
  • Home office running expenses
  • Handbags, briefcases and satchels
  • Overnight travel expenses


Click here to see Tax Calculator for Actuaries, Mathematicians and Statisticians.



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