The government offers a host of deductions when it comes to work-related education: Tuition fees, textbooks, journal subscriptions, parking fees, internet usage… the list goes on.
But there is one major catch. Your study has to be directly related to your work. Specifically, you must ensure that it:
1. Leads to a formal qualification and;
2. Maintains or improves skills related to your current job and;
3. Will increase or likely increase your income.
For example, if you’re already employed as a plumber and you’re undertaking a Restricted Electrical course so that you have the skills you need to deal with electrical fittings in the course of your existing job, you can claim deductions for many of the expenses you incur while undertaking that course.
If, however, you’re an art student working as a Big W checkout operator on the side, you won’t be able to claim any costs related to your university degree.