2.5 times tax deduction for donations

Looking after the underprivileged will foster a culture of giving and sharing in Singapore. To encourage more people to open up their hearts and wallets, enjoy tax deductions of up to 2.5 times the qualifying donation amount during the next tax season when you donate to Community Chest or any approved Institution of a Public Character (IPC) before the year ends.

Tax deduction is made for donations made in the preceding year. If you had donated in 2024, your deductions will be allowed for Year of Assessment 2025.

 

How do you know if your donation is tax deductible?

Claiming tax deductions for donations is straightforward, as charities automatically submit your donation information to IRAS. However, not all charitable giving enjoys tax deductions.  Only donations to Community Chest or approved Institution of a Public Character qualify for tax deduction. 250% tax deduction for qualifying donations has been extended till 31 December 2026.

3 claimable work-from-home expenses

Hybrid working arrangements result in win-win solutions for employers and employees. If you had worked from home and chalked up higher electricity, telecommunications and wi-fi bills due to the home office operations, you can claim these expenses as a deduction against your employment income. Only claim these expenses if your employer did not reimburse you.

Do remember to keep the receipts of these expenses and file them away for 5 years for proper record keeping. Estimates are not acceptable for tax declaration.

 

What are allowable employment expenses?Besides work-from-home expenses, you can claim other allowable expenses, if incurred while carrying out your official work duties, to lower your tax bill: 

  • Entertainment expenses when entertaining clients. Your share of the entertainment (e.g. meal) expenses must be excluded from the claim
  •  Mosque building fund, zakat fitrah or other religious dues authorised by law
  • Subscriptions paid to professional bodies/societies for knowledge-building and networking
  • Travel expenses on public transport (buses, MRT and taxis)