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What is an allowable deduction (tax)?

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10 Posted

What is an allowable deduction (tax)?

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10

An allowable tax deduction is the amount you have paid for something in connection with your employment that enables you to earn an income, for example, claiming work expenses such as union membership, washing a uniform supplied by your employer, car travel where you have to use your car in the course of your job (not just going to and from work). It can also cover items such as donations to charities, support of a partner if they don’t have an income, and rebates are available for those with high expenses of educating their children or themselves, or high medical expenses to name a few.

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