TAX EDUCATION

Unfortunately, no. Costs you incur while looking for a job aren’t deductible because they’re considered incurred too early, meaning they’re not directly connected to earning taxable income.

Yes, seminar costs are deductible if they’re directly related to your current job or income-earning activities. Just make sure you have proper receipts to substantiate your claims.

Yes, salary-sacrificed super contributions are included on your PAYG income statement as ‘Reportable Employer Superannuation Contributions.’ These amounts are considered when determining eligibility for Centrelink benefits, calculating Child Support obligations, the Medicare levy surcharge, and compulsory repayments like HECS-HELP. They might also affect your entitlement to certain tax offsets.

Any superannuation contributions for which you have claimed a tax deduction will also be taken into account. These amounts also contribute to the calculation of any Child Support payments and are used to determine your liability to such things as the Medicare levy surcharge or repayments of HECS-HELP debts. They may also impact on any tax offsets that you are entitled to claim on your tax return.