Tax Deductions for Lawyers

Some deductions that may be available to lawyers include:

• Travel expenses incurred visiting clients;

• Library fees;

• Law Society and Bar membership fees;

• Professional development courses;

• Professional library;

• Magazines, journals and periodicals;

• Professional indemnity insurance;

• Computer equipment and software as well as insurance to protect them. For purchases over $1,000 items must be depreciated;

Lawyers may also be entitled to general tax deductions that are not work specific, such as investment deductions or car expenses deductions.