It’s almost the end of the financial year, which means it’s your last chance to make smart purchases that can lower your taxable income—and potentially give you a bigger refund!
📚 This information is based on official guidance from the Australian Taxation Office (ATO). Always check what applies to your situation or chat with a registered tax agent.
Whether you’re working from home, running a side hustle, or just adulting full-time, there are some surprisingly useful things you can buy before June 30 that could be tax-deductible.
💻 1. Work-Related Equipment
If you need a new laptop, desk, phone, or other equipment for work, now’s the time! As long as it’s genuinely used for your job, you may be able to claim all or part of the cost.
💡 N’s Tip: Even headphones or ergonomic chairs can count if used while working!
📚 2. Education & Upskilling
Are you doing courses, workshops, or certifications related to your current job? The costs could be deductible—including textbooks, internet, and even stationery.
💡 N’s Tip: The course must directly relate to your current work to be eligible.
🏠 3. Work-From-Home Setup
Still working remotely sometimes? You might be able to claim things like:
- Office chairs
- Desk lamps
- Monitors
- Internet costs
- Electricity (a portion)
💡 N’s Tip: Keep all your receipts and take note of your work-from-home hours!
🧾 4. Union Fees & Professional Memberships
If you’re a member of a professional association or union for your industry, these fees are generally tax-deductible.
💡 N’s Tip: If you paid this earlier in the year, include it when preparing your tax return!
❤️ 5. Charity Donations
Donated $2 or more to a registered charity? That’s deductible too! Just make sure the charity is approved and you’ve got a receipt.
💡 N’s Tip: Even small donations can add up—check your email inbox for digital receipts!
🖨️ 6. Printer Ink, Stationery & Office Supplies
If you use these supplies for work or a side hustle, stock up before 30 June and keep the receipts. They may be partially or fully deductible.
💡 N’s Tip: Bulk buy staples like pens, notebooks, or ink now if you know you’ll use them.
📅 Final Thoughts
Buying with intention before tax time isn’t just about “spending to save”—it’s about making smart moves that support your work and financial goals. If you were planning to buy these things anyway, now’s a great time to do it.
🎯 Remember to:
- Keep receipts
- Track work use vs personal use
- Talk to a tax agent if unsure
Let’s make this EOFY work for you!
See you in the next post,
— N
🪙 N’s Money Corner | Aussie Money Tips
