Best Tax Deductions to Claim for Psychiatrists
Psychiatrists diagnose, assess, treat and prevent human mental, emotional and behavioural disorders.
Employment Profile
- Average weekly pay: $1,610
- Employment size: 2,100
- Future growth: Very Strong
- Skill level: Bachelor Degree or Higher
Typical tax deductions include:
- Motor vehicle travel between hospitals, clinics, and visiting patients.
- Motor vehicle travel to and from work if having shifting workplaces – working at more than one site each day before returning home.
- Phone and internet – work %.
- Overnight travel expenses attending medical conferences, seminars, and training courses – includes airfares, accommodation, and meals.
- Self-education courses.
- Magazines, books and journals related to health and medicine.
- Medical defence and income protection insurance.
- Compulsory work uniform branded with the employers logo.
- Computers, tools and equipment.
- Handbags, briefcases, and satchels.
- Union fees, licences, registrations and subscriptions – includes AMA, RAS, RACGP, and RACP.
- Home office running expenses.
- Overseas conferences, courses and study tours.
Professional memberships.
Non-deductible expenses:
- Travel for industry functions which includes entertainment – e.g. three-course meal, band, and alcoholic drinks.
Tax Strategies we can assist you with.
- Self-education expenses
- Overseas conferences, courses and study tours
- Computers, tools, equipment and other assets
- Compulsory work uniform
- 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 Psychiatrists.
