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3 June 2022

Hi all,


I am employeed as a credit risk management assistant manager in the bank. The qualifications of CPA and FRM is the positon suggested and it could bring the benefits of employees in their working area because this position also engaged in making the financial report of the bank annually in relation to CRWA and provisions.


Since the 2021-2022 tax year will come, I want to know whether I could put the CPA course fees ($1,140 per course) and annual member fees($325) under the "work related self-education deduction"? Before I become a full member of CPA, the annual member fee could not be reimbursed by the company, that is being fully paid by myself. Besides, I have documented my invoice properly for possible future auditing by the ATO's officer.


My second question is that I have been infected by COVID-19 at the beginning of January 2022 and I am not fully recovered from the infections(maybe Long COVID), and I have consulted with several GPs and specialist. What I spent on my health check during the half year has been over $7,000 and most expenisve health check is my surgery in the private hospital about $2500(no medicare-rebate). Unfortunately I have not purchased private health fund and fully paid by myself. May I used this amount for tax deductions and which categories shall I put it in?


Thanks for your precious time and reply.


Kind regards,


Johnson



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1,491 views
4 replies

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Most helpful reply

JodieR_ATO(Community Support)Community Support
6 June 2022

Hi @PeigiangZhang,


In order to claim self education expenses, the course needs to relate to the work you're currently doing. You can check out eligibility for self education expenses here.


In relation to medical expenses for an individual, the net medical expenses tax offset was phased out in 2019FY and no longer exists.


You can however claim the cost of COVID-19 RAT tests and PCR tests if you needed to do them in the course of your work.

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About my CPA course fees and medical treatment over $1500 tax deductions in 2021-2022 tax year | ATO Community