As the financial year draws to a close, now is the perfect time to make sure you’ve taken full advantage of available tax deductions. If you’ve been putting off purchasing new eye protection for work, today is the last day to claim it on this year’s tax write-off.
Why Claim Eye Protection?
If you work in an environment where safety glasses or other eye protection are necessary, you may be eligible to claim these expenses as a tax deduction. This includes a wide range of professions such as construction, manufacturing, healthcare, and laboratory work. The cost of prescription safety glasses can also be deductible if they are required for your job.
What Can You Claim?
Here’s a quick rundown of what you can typically claim:
- Safety Glasses and Goggles: Essential for anyone working in hazardous environments.
- Prescription Safety Glasses: If your job requires them, they can be a significant expense that is worth claiming.
- Replacement Lenses: If your safety glasses require new lenses, these can also be claimed.
- Protective Eyewear Accessories: Cases, cleaning supplies, and other accessories can add up and are worth including in your deductions.
How to Claim Your Eye Protection
- Keep Your Receipts: Make sure you have all receipts for any safety glasses or protective eyewear purchased during the financial year. These receipts are essential for substantiating your claim.
- Determine Eligibility: Ensure that the eyewear is directly related to your work and necessary for your safety on the job. Personal use items are not eligible for tax deductions.
- Lodge Your Claim: Include your expenses for eye protection in your tax return. You can usually find this under work-related expenses. If you are unsure, consult with a tax professional to ensure you are claiming correctly.
Don’t Miss Out!
With the end of the financial year upon us, don’t miss the opportunity to maximize your tax return by including necessary work-related expenses like eye protection. It’s a straightforward way to ensure you’re not out of pocket for essential safety equipment.
Remember, the deadline is today! Make your purchase now to secure your deduction for this financial year. Stay safe and financially savvy by taking full advantage of the tax deductions available to you.
For all your safety eyewear needs, visit www.safetyglassesonline.com.au and browse our extensive range of high-quality, compliant eyewear.
