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What is EOFY and what does it mean for tradies looking to save on quality workwear?
With tax time approaching, now is the ideal opportunity to upgrade your workwear and work boots before the financial year wraps up. Many everyday job-site essentials may qualify as a work clothing tax deduction depending on your role and how they’re used for work.
Wondering what can you claim on tax for EOFY? Here’s a quick breakdown of common things you can claim on tax that may help maximise your return.
*Visit the ATO website for full information
If your job requires protective clothing or safety footwear, you may be eligible for a work clothing tax deduction. In some cases, you can also claim uniform on tax, including:
- Hi-Vis Workwear
- Steel-Cap Boots
- Work Jackets & PPE
- Safety Glasses & Hard Hats
Buying gear for the job this EOFY? claiming tools on tax may apply to eligible work-related purchases depending on the cost and intended use.
- Power Tools
- Tool Bags & Storage
- Work Lights & Measuring Tools
There are also a range of everyday work-related expenses tradies may be able to claim, including:
- Phone use for work
- Vehicle expenses for eligible work travel
- Licences & permits
- Sunscreen for outdoor work
Always refer to current ATO guidelines or speak with a registered tax professional to understand what can you claim on tax based on your individual circumstances.
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