What can I write off on my taxes?


Tax write off (definition)

When filing your taxes, you can write off any expense that’s involved in the running of your business. This could include office rent, equipment and business travel.

This means buying a camera is a legitimate business expense for a photographer – but not for a writer.

You can’t write off personal expenses, like groceries. But if an expense is partially personal and partially business, you can claim the business component. If you buy a new cell phone and use it for business 80% of the time, you’re allowed to deduct 80% of that cost.

Regardless of what you’re writing off, make sure you keep receipts of all your expenses. Keeping proof of your expenses will keep you out of trouble if the ATO audits you.

Tax write offs can save you hundreds of dollars a year – but they can be complicated. It’s worth checking with an accountant or tax agent to make sure you’re claiming the right things.

Advisor

You can search for experts in our advisor directory

Find an advisor
Guide to inventory

When to hire an accountant

Read guide
Dashboard

See your key information on the business dashboard

Find out more