Best Tax Deductions to Claim for Information Technology Professionals
Information Technology Professionals test, build, install, repair, or maintain the hardware and software associated with complex computer systems.
Your deductions are below.
But first, would you like an instant online quote for professional indemnity and other insurances for IT and Project Managers? – click here for details.
Employment Profile
- Average weekly pay: $2,092.85
- Employment size: 254,835
- Future growth: Moderate
- Skill level: Bachelor Degree or Higher
Typical tax deductions include:
- Travel to and from work for employees with shifting workplaces (who regularly work at more than one site each day before returning home) or transport bulky equipment (normally 20 plus kilos).
- Cost of travel related to visiting clients and attending training courses.
- Phone, internet and laptop costs.
- Corporate uniform.
- Depreciation on computers, cameras, video recorders, and laptops. Each item that costs less than $300 can be expensed upfront.
- Briefcases, handbag, man-bag or work bags.
- Professional seminars, courses, conferences and workshops.
- Reference books, technical journals and trade magazines related to IT.
- Self-education courses related to the current job.
- Home office running expenses.
- Professional memberships.
Professional memberships.
Non-deductible expenses:
- Cost of business lunches (This is the case even if business matters are discussed).
Tax Strategies we can assist you with.
- Self-education expenses
- Computers, tools, equipment and other assets
- Compulsory work uniform
- Logbook for motor vehicles
- Union fees, licences, registrations and subscriptions
- Phone and internet
- Home office running expenses
- Handbags, briefcases and satchels
- Overnight travel expenses
Click here to see Tax Calculator for Information Technology Professionals.
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.
