EOFY Savings Guide

TOUGH EOFY SAVINGS WITH HARD YAKKA

What does EOFY mean for your wallet as a tradie? With tax time approaching, now’s the perfect time to gear up with protective workwear and safety boots that may be tax deductible. 

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WHAT CAN YOU CLAIM ON TAX?

Wondering what can you claim on tax when tax season rolls around? Here is a breakdown of the top things you can claim on tax to help you maximize your return.*

*Visit the ATO website for full information

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Workwear & Boots

If you wear protective gear on-site, some items may qualify as a work clothing tax deduction. You may also be eligible to claim uniform on tax where required for work, including:

- Hi-Vis Workwear

- Steel-Cap Boots

- Work Jackets & PPE

- Safety Glasses & Hard Hats


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Tools & Equipment

Purchasing gear for the job? Claiming tools on tax may apply for eligible work-related purchases depending on the item cost and how it’s used. This can include:

- Power Tools

- Tool Bags & Storage

- Work Lights & Measuring Tools

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Everyday Work Expenses

Tradies may also be able to claim other work-related expenses, including:

- Phone use for work

- Vehicle expenses for eligible work travel

- Licences & permits

- Sunscreen for outdoor work


EOFY WORKWEAR

EOFY BOOTS

Always check current ATO guidelines or speak with a registered tax professional to understand what you can claim on tax based on your individual circumstances.