Tax deductions for psychiatrists
Psychiatrists diagnose, assess, treat and prevent human mental, emotional and behavioural disorders.
Average weekly pay: $1,400
Employment size: 2,000
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, RACS, RACGP, and RACP.
- Home office running expenses.
- Overseas conferences, courses and study tours.
- 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
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