Tax Deductions for Engineers

Tax Deductions for Engineers

engineer

Average weekly pay:      $1,953
Employment size:          125,400  
Future growth:                Strong   
Skill level                           Bachelor Degree or higher 

Engineers design, construct, and maintain products, machines, and structures.

Typical tax deductions:

  • Travel to and from work, and client’s premises, while transporting bulky equipment (normally 20 or more kilos).
  • Travel between various building sites and places of work.
  • Overnight and overseas travel for work purposes including airfares, meals and accommodation.
  • Mobile phone, internet and home office costs.
  • Protective clothing, including sun-protection clothing, safety-coloured vests, steel-capped boots, gloves, overalls and wet weather gear.
  • Renewal fees for machinery operating licences.
  • Courses, seminars and self-education expenses.
  • Tools and equipment, if less than $300 each are immediately deductible. Whereas if they are over $300 they are depreciable.  
  • Unions fees, memberships and subscriptions (work related).   

Non-deductible expenses:

  • Drivers licence.

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