S1 EP 4: Claiming Your Deductions: Contributions & Tertiary Education Expenses

06/14/21 • 11 min

Deductions reduce your taxable income! In this episode, we explore two of the most common types of deductions, contributions and tertiary education expenses.
We'll discuss:

The three (3) types of contributions and the documents you need to claim them.
The expenses that qualify for a tertiary education expenses
3 Documents you need to successfully claim the tertiary education expense.

Check on your NIS Deductions at:
https://www.nibtt.net/OCRS/Form_Request.html
For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st

Deductions reduce your taxable income! In this episode, we explore two of the most common types of deductions, contributions and tertiary education expenses.
We'll discuss:

The three (3) types of contributions and the documents you need to claim them.
The expenses that qualify for a tertiary education expenses
3 Documents you need to successfully claim the tertiary education expense.

Previous Episode

S1 EP 3: Your Tax-Free Income

Every year, the government allows you to have a certain amount of your income TAX FREE!!! We call it a Personal Allowance!
In Today's short episode we'll talk about this allowance and what it does for you and your income!
Follow me for more tips, info and useful resources at:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st

Next Episode

BONUS EPS: Plan For Retirement!...Especially in your 20's

Today we switch things up a bit with a bonus episode!
In this Bonus Feature, we'll talk about retirement planning and how important it is to start early to reap the most benefits! We get deep into the reasons why you should not rely solely on National Insurance Contributions and Government pensions as your only source of retirement income and how you can benefit in the long-run from starting a retirement fund in your 20's.

Check on your NIS Deductions at:
https://www.nibtt.net/OCRS/Form_Request.html
Link to article written in the Guardian:
https://www.guardian.co.tt/business/imbert-worries-about-sustainability-of-national-insurance-fund-6.2.1340588.59ae92c133
For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st