“We’ve got two methods now in which you can claim your working from home expenses,” says ATO Assistant Commissioner Tim Loh.
“We’ve got the actual cost method — you need to be able to portion out the private expense versus the work-related expense [and] that method requires really significant records — and the fixed-rate method.”
It comes as a survey of more than 1,000 Australians from Finder finds that one in eight Australians say their tax refund is “critical” to their financial health and that 36 per cent plan to put their return into savings.
The research shows around one in seven Australians (15 per cent) say they will be withdrawing their refund to pay for household bills, while 5 per cent say they will be putting it towards their mortgage.
Here you can claim each expense you have for working from home separately.
But you need to apportion what’s private and what’s work-related.
You can claim separately for:
The other method that is available is the 67 cents per hour revised fixed rate method.
