Series 11 Episode 29
Hi and welcome, this is Cory…
During the height of the coronavirus pandemic, many of us were working from home. For some that left a little to be desired, but for others it was more than just a nice change.
I can speak from personal experience pre-pandemic working from home. It’s great to literally roll out of bed and get to work. Not have to wear a tie… I never did that anyway. But while it was my preferred way to work, there was a downside. I found myself in a situation where I had to leave home to get away from work. Often I would drop in to work’s office to get away from the job which seems really weird. But it worked for me.
Just recently the Australian Taxation Office announced some changes to what Aussies can claim should they find themselves working from home.
The fixed rate in which employees are able to claim to cover general working from home has increased from 52 to 67 cents per hour. The change also means you no longer need a dedicated home office to claim.
Aussies are able to claim a number of work related expenses from their taxable income. They can be claimed precisely by saving receipts to claim at tax time, or the fixed rate of 67 cents per hour.
According to the tax department, the hourly increase reflects the costs of things like energy, phone and internet.
https://www.instagram.com/p/Co27LcTBLov/
https://www.ato.gov.au/Media-centre/Media-releases/ATO-announces-changes-to-working-from-home-deductions/
https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Working-from-home-expenses/?=Redirected_URL
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