Work-related travel expenses

Written on the 20 May 2014 by Macmillans Waller Fry - Accountants in Maitland

Travelling to work can end up costing an individual hundreds of dollars.

However, eligible individuals are able to boost their tax refund with some deduction claims. Individuals are able to claim a deduction if they incur any travel related expenses that directly relates to their specific job function.

Depending on the individual’s circumstances they can claim the cost of transport, incidentals, and meals for overnight trips. However, they must be able to provide the necessary documentation.

Some of the travel expenses that can be claimed on a tax return include:

• air, bus, train and taxi fees
• bridge and toll fees
• parking fees
• car hire charges

To claim any travel expenses, the travel must be explicitly work-related.

Overnight trips should also include a travel diary to support any claims.

Individuals are usually unable to claim for travel between their home and work but can claim for travel between two workplaces. This principle applies whether they travelled by train, bus, taxi or private vehicle.


Author: Macmillans Waller Fry - Accountants in Maitland

 

Business networking done the right way

The ability to network effectively can greatly increase the success of your business by getting your name out there in a positive way, building your credibility and assist in growing your customer base. Networking done poorly can seem pushy or overbearing but when done well it is a two-way street...
Read More...


Expanded super for older Australians

The 2019-20 Federal Budget has placed a strong focus on the growth of the economy whilst also having the intention to look after older Australians. Older Australians will benefit from the work test exemption age being extended from age 64 to 66. The work test requires an individual to work at lea...
Read More...

associations

 

 

Who we are

 

What we do

 

Macmillans - Accountants

Address:40 Church Street

Maitland NSW 2320

Phone:02 4933 4444

Fax:02 4933 7781

Email

 

Online PaymentContact Us