With the introduction of a recent Bill, the government is finally following through on its promise to remove the $250 non-deductible threshold for self-education expenses. In effect, the non-deductible threshold was designed to ensure that taxpayers do not claim both the tax rebate and get a tax deduction for the same set of education expenses. However, the concessional rebate was repealed in 1985, but the non-deductible threshold illogically remained, and it has only taken the government 36 years to get around to removing it.
Click to read our article: Self education expense threshold to be removed (0.27MB PDF)