What is a Tax deduction?
You’ll find the answer to your question down below, but if you need further information then feel free to try different search terms in the search field.
Generic filters
Exact matches only
Filter by Categories
Help Center | What is a Tax deduction?

What is a Tax deduction?

Published: Feb 19, 2021

Tax deduction is a reduction of the income subject to tax, for various items, especially expenses incurred to produce income. Often these deductions are subject to limitations or conditions.

Basically, what this means is if you have spent money to pay for things to do with your job. E.g. uniforms, union fees, RSA/RCG, work related courses, safety equipment (safety boots, high visibility vest, etc), stationary, tools, travel between jobs and work sites, uniform and laundry receipt. Items & services like this are all tax deductible. You could get a large percentage of this money back in your tax refund.

What is a Tax deduction? was last modified: February 19th, 2021 by PTA

Was this helpful?

If this page did not answer your question then you're welcome to run another search at the top with different search terms or you can vote down below and we'll provide you with the next steps.