No cap for self-education expenses

27 Nov 2013

The Federal Government has announced it has no plans to cap tax deductions for self-education. According to the Treasurer:

“The Government will not proceed with Labor’s announcement to put a $2,000 cap on the amount people can deduct as self-education expenses, including training and educational courses, textbooks and other accreditation expenses.

"Not proceeding with this measure means that these expenses will continue to be deductible according to the normal rules.”

Read the media release, Restoring integrity in the Australian tax system.