Tax time is right around the corner – do you know what deductions you could be claiming? Well, good news, the Australian Taxation Office (ATO) have prepared a range of tailored information for Nurses and Midwives to help make tax time simple this year.

So what can I claim?
From union fees to protective equipment, and self-education – the ATO’s tailored guide for Nurses and midwives covers a range of information on common deductions for your occupation.
Remember, to claim a deduction for a work-related expense:

• you must have spent the money yourself, and weren’t reimbursed
• it must directly relate to earning your income
• you must have a record to prove it (usually a receipt).

Keeping on top of your records
To claim a deduction, you must have a record.
Download the ATO app and use the myDeductions tool for a fast and easy way to store your receipts and keep track of your records! The ATO app is also one of the best ways to track the progress and outcome of your tax return after you’ve lodged.

When should I lodge my tax return?
The best time to lodge is from late July, when most of your information from employers, banks and health funds has been automatically included in your tax return. All you’ll need to do is check the pre-filled information is correct, add any income that’s missing, and claim your deductions!

Received the High-Risk Settings Pandemic Payment?
If you tested positive for COVID-19 and couldn’t earn income because you work in a high-risk setting, and you received the High-Risk Settings Pandemic Payment from Centrelink, you’ll need to include this payment manually in your tax return. It will not be prefilled into your tax return, or included in your Centrelink payment summary.

Want to learn more? Visit ato.gov.au/nurse