Stationery tax expenses | 2023 Gotax

Can that pen you bought be tax deductible?

Here’s a bit of a heads up for you about stationery expenses and how they fare in the tax landscape. As a reminder, this isn't an ATO ruling, just a friendly nudge in the right direction.  And that can include any stationery item, from pens, to paper, to staplers, to calculators.

1. First off, your stationery needs to be as related to your work as a koala to a eucalyptus tree for it to be potentially deductible.

2. Keep in mind that stationery used for personal matters won't score a deduction. Your nephew's birthday card? Not covered, mate!

3. If your stationery is shared between work and personal use, you might need to do a bit of the ol' math. Only the work-related portion can be claimed.

4. When it comes to records, think of them as your tax boomerang. They might seem a pain now, but they'll come back to help you in the long run. Keep those receipts! Scan the Deduction Grabber.

5. Lastly, remember that tax law can be as unpredictable as a platypus. Keep yourself informed of any changes.

Always stay one step ahead, and when you're unsure, check with Gotax to get the answer.