• Tax deductions

The Best Tax Deductions for people who work from home [2022]

When lodging a tax return, those who work from home can claim a number of tax deductions. These tax deductions are generally all of the costs associated with working from home or running a business from home.

If you work from home, we’ve explained how you can maximise your tax return!

Keep track of your expenses for tax deductions

Throughout the financial year, make sure that you keep track of your receipts and expenses incurred due to your work – even if you’re uncertain if you can make a claim!

For example, these may include:

  • New computer or laptop
  • Internet and phone usage
  • Repairs to the home office, furniture and equipment
  • Your own home electricity and gas.

There are a number of apps available to help keep track of your receipts, expenses and tax obligations (such as Pocketbook and TrackMySpend).

Find out what tax deductions you can claim

If you work from home, there may be a number of tax deductions you can claim.

According to the ATO, you can claim tax deductions if you carry out income-producing work at home, and incur expenses in using your home for that purpose.

You can claim tax deductions for the following:

How can I work from home?

There are many jobs that you can do from home. But rarely will you find one that is more flexible as a Medical Transcriptionist. Not only can you work from home, but you have the flexibility to decide when you would like to work.

As healthcare is a basic need industry, the work of a Medical Transcriptionist is constant and consistent. This is because your clients are usually repeat-customers that will continue to send you their work if you’re accurate and reliable.

Overall, this career is a great way to work from home.

What is Medical Transcription?

When we open a letter from a doctor or read a medical report, there is a very high chance that a Medical Transcriptionist has transcribed it. Their role is to listen to an audio of a doctor recording their notes from a patient consultation, and then convert this into a written report.

These reports are then added to the patient’s medical record.

tax deductions

What are the benefits of working as a Medical Transcriptionist?

Where does a Medical Transcriptionist work?

Medical Transcriptionists usually work from home as independent contractors, which provides them with the flexibility to choose their own work hours.

However, there are some who prefer to be in an office setting and work at hospitals, medical centres, or clinics.

If you’re thinking about pursuing a career in medical transcription, there are two main career pathways:

What is the career progression for a Medical Transcriptionist?

A career as a Medical Transcriptionist provides you with the opportunity for career development. This can be based on a number of different factors such as experience, accuracy and typing speed. These positions vary depending on the organisation that you work for, and may include:

Diploma of Healthcare Documentation

TalentMed’s nationally recognised Diploma of Healthcare Documentation is designed to help provide you with the essential skills and knowledge needed to get a job and excel in this increasingly popular field.

This is currently the first and only nationally recognised course in Australia that provides both medical transcription and editing training. Also, qualified trainers are available from the moment you start the course, all the way through until you complete your course.

Learning Platform

TalentHub is your virtual campus and interactive learning environment where you access all your course materials, resources and support services available. Through TalentHub you can also engage with your qualified trainers, student support staff and most importantly, your fellow students.


TalentHub is your virtual campus and interactive learning environment where you access all your course materials, resources and support services available. Through TalentHub you can also engage with your qualified trainers, student support staff and most importantly, your fellow students.
  • My Wall - post messages, 'like' activities and view your news feed.
  • My Courses - 24 hour access to all of your course materials, including videos, tutorials and practical exercises.
  • My Inbox - your personal inbox to communicate with your trainers, support teams and friends.
  • My Achievements - receive badges, view your assessment results and track your progress.
  • My Friends - add friends and connect with classmates.

Social Learning

TalentHub provides you with a secure and interactive learning environment that allows you to access a wealth of learning resources. Log in anywhere and anytime to access your learning resources.

  • My Groups - create groups with other students, to share ideas and network with each other.
  • My Forums - network with your classmates via the student forum.
  • My Notifications - keep up-to-date with daily activity on TalentHub.
  • My Help - live chat with your trainers, student and technical support teams with any questions you have.
  • My Settings - update your profile or cover photo, change your preferences and reset your password.

How will I find work?

There are many career choices for our graduates and TalentMed helps you the entire way in this process. Once you complete the course, your Graduate Support Team will provide you with extensive job placement assistance.

Please note, TalentMed is unable to guarantee any positions as a registered training organisation and not an employer directly. Your employability will ultimately depend on many factors such as current industry demand and requirements upon course completion

However, through our network of associated public and private hospitals, medical clinics, transcription agencies and Medical Transcription Service Organisations (MTSOs) we are able to assist you in finding a suitable position upon graduation. So far, we have been able to place a high number of our graduates into working positions!

There is a currently a high demand for qualified Medical Transcriptionist. In fact, we have received large requests for TalentMed graduates from employers nationwide. For example, some include:

How do I get started?

Here at TalentMed, we assist you every step of the way to pursue your dream of working from home and choosing your own work hours. This gives you more control over your personal schedule, without having to negotiate work terms and conditions. As a result, you would be able to work while staying home to be with your family, and have more time to enjoy doing the things you love.

It’s important to remember, when it comes to working from home as a Medical Transcriptionist, you should be keeping track of all tax deductions you’re legally entitled to, in order to maximise your tax return!

For more information on becoming a Medical Transcriptionist, check out our Ultimate Guidetraining or you can register for a free consultation with one of our Career Advisers below!

Nationally Recognised Training

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About the Author:

Sarah-Louise is a Career Adviser with over 5 years experience in Vocational Education and Training. Having completed a Bachelor of Business majoring in Human Resource Management, Sarah-Louise understands the importance of having a quality education. Feel free to comment and ask questions below.

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