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Here are Kaths top 5 work-related expenses that are tax-deductible for teachers, some especially relevant during the COVID-19 pandemic. Dennis organises and pays for the refresher first aid course each year. Dance Magazine: Move and be moved Make sure you get professional help from a tax agent like H&R Block to ensure that you're getting your return right! You do not have to itemize your deductions to claim this. Example: bonus paid based on ticket sales. Tax returns in Australia can vary greatly depending on your occupation, and there are a number of deductions and advantages that are specifically relevant to teachers and people working in education. 2. Such material is assembled in good faith, but does not indicate a commitment to a particular course of action. This deduction is limited to $250 in classroom supplies, but if you are married to an educator, it can be doubled-up to a maximum of $500. Filter by location to see Dance Teacher salaries in your area. If, like many teachers, you do some of your work from home, theres an opportunity to claim a deduction for it. Use our crypto tax calculator to estimate your capital gains tax. Due to COVID-19, the ATO has introduced a temporary shortcut method (only available from 1 March 2020 to 30 June 2022), which simplifies how you calculate your deduction for working from home expenses. Drive between separate jobs on the same day eg travelling from your job as a teacher to a second job as a musician. Lots of teachers spend time outdoors with students (meeting and greeting in the morning, playground duties, etc.). Line 46900 - Eligible educator school supply tax credit Terms & Conditions apply. But hold on a second! Vito Sclafani explains home office deductions to dancer and healing-arts practitioner Emily Anton. Digital information services may include online subscriptions, electronic material, such as e-books or e-journals and other digital materials you buy. Bessie must include the allowance as income in her tax return. Snap a photo of the receipt in the app when you make your purchase, and then at tax time, upload this information directly into your tax return or email a copy to your registered tax agent. There is no such thing as an automatic or standard deduction. The business may be entitled to claim GST credits on the purchases it makes in carrying out its activities. You may also be able to claim a deduction for some personal items if you use them for work. Health insurance premiums 3. Deductions Record keeping Income - salary and allowances Include all the income you receive as a performing artist during the income year in your tax return, regardless of when you earn it this includes: salary and wages allowances Don't include reimbursements. Goods and services tax (GST) is a broad-based tax of 10% on the sale of most goods, services and anything else consumed in Australia. If your business brings in $75,000, for example, and you can deduct $10,000 in write-offs, you'll be taxed on only $65,000. Search our frequently asked questions to find more about Tax and other relevant information. If the item costs more than $300, then you can write off the cost over the expected life of the assets. If you completed the seminar, conference or training from your home, you can claim the hours spent doing this under the working from home methods noted above. You can also deduct the expenses spent getting to the studio, such as gas, mileage, parking fees and bus or rail fare. When submitting a tax return you are entitled to claim deductions for expenses incurred while working - known as work related deductions.