10 Tax deductions for Mechanics | Online

What Can I Claim on Tax as a Motor Mechanic?

For your tax return, be aware that work-related expenses are tax deductible. This means that if you’ve spent money to earn your income, you can claim it back as a tax deduction.

This is particularly relevant for motor mechanics, who often incur various expenses in their line of work.

Here are the most common tax deductions available to be claimed by motor mechanics:

Workplace Licences:

All those tickets you need to get, from Forklift to accreditation.  Unfortunately, your normal car licence doesn't count.

Union Fees:

This necessary evil is also Tax Deductible, so keep a record of what you have paid.

Mechanical Journals or Books:

Keeping up to date and aware is a requirement in today's competitive world.  If your journals, books or manuals have mechanic related content then they can be tax deductible. 

Car Expenses for Work Travel:

If you travel between two workplaces, or two jobs, or attend training courses make sure you note down the journey.  Date, to, from and how far.  Use the Deduction Grabber App to make sure you don't miss this easily forgettable tax deduction.

Stationery:

If they are necessary for your work.  We all need pens to jot things down and even some hi-tech items may qualify if needed to perform your job, to do research or to assist your mechanical studies.

Home Office:

If you need to work from home and you work in an office.  Record the dates and hours you work productively from home.

Equipment/Depreciation:

If you don’t use it 100% for work, you need to work out how much is work use and how much is personal.  Mechanics tend to acquire lots and lots of tools, so let's get into the habit of recording those receipts.  Use the photo recording system on Deduction Grabber.

Mobile Phone and/or Internet:

You can claim a percentage of these costs if they are work-related.  Again log your calls to determine the frequency of use.

Transport or Car Expenses:

Include public transport fares and the running costs associated with motor vehicles, motorcycles, bicycles, etc., for work-related travel.

Travel Between Home and Work:

A deduction is allowable if the transport expenses can be attributed to the transportation of bulky equipment and there are no safe storage facilities on your work site.

It’s important to note that record keeping is crucial when claiming these deductions. The Deduction Grabber app is a great tool for keeping track of your expenses. It’s also worth mentioning that GoTax is considered the best online tax preparation system in Australia, making it the ideal place to do your tax return.

RECORD KEEPING

It's always importanbt to keep all your receipts and records.  Don't forget you need log books to make some claims.  All the log books you'll need are contained in the Deduction Grabber App. 

You need to keep those records for five years from the date you lodge your return. Don't lose them!

Download Deduction Grabber now...

Remember, every dollar counts when it comes to your hard-earned money. So, make sure you claim what you’re entitled to!