What are deductions?

When you spend money to directly help you earn your income, you may be entitled to claim that cost as a tax deduction. Tax deductions reduce the amount of income you have to pay income on. Deductions are based on the particular circumstances of the individual and the industry involved.

Deductions must be applied to the amount of income you pay tax on and are NOT applied to the amount of your tax-withheld amount.

Call 03 9416 1679 for any clarification on deductions.