Best Tax Deductions to Claim for Psychologists
Psychologists investigate, assess and provide treatment and counselling to foster optimal personal, social, educational and occupational development.
Your deductions are below.
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Employment Profile
- Average weekly pay: $2,228.10
- Employment size: 31,710
- 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.
- 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 Psychologists.
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.
