ATO update changes to working from home (WFH) deduction rules TJS Accounting Bayside

Working From Home Cents Per Hour. Work from home Shortcut method ExpertTax You no longer need a designated working area or home office In the years prior to 1 July 2022, including the 2022 financial year affected by COVID-19, individuals had the following methods available for claiming working-from-home expenses: The shortcut (80 cents per hour) method; The fixed-rate method (52 cents per hour method from 1 July 2018)

The hourly fixed rate from 2022-23 is 67 cents per working hour, and this covers internet, phone, electricity, gas, stationery and computer consumables Fixed-rate method (available from 1 July 1998 to 30 June 2022): 52 cents per hour worked from home plus actual costs of work use of phone, internet, ink, printing paper, and stationary;

Claiming working from home deductions in 2023

On the surface that looks like a win, but when you look closer, there are some downsides The revised fixed rate of 67 cents per work hour covers energy expenses (electricity and gas), phone usage (mobile and home), internet, stationery, and computer consumables. The rate per hour you can claim has increased from 52 cents per hour to 67 cents for each hour you work from home

Chart The Perks of Working From Home Statista. The fixed rate (52 cents per work hour) was the rate available to calculate your work from home expenses from 1 July 2018 to 30 June 2022 Stay informed on the latest changes to Australian tax laws regarding work from home deductions starting in the 2024-25 tax season

Working from Home Tax Deductions & Calculator One Click Life. If you are working out your claim for working from home expenses for the current year, see Choosing a method how to calculate your claim The key to this lies in the consistency of working from home; if the employee has been returning to the office regularly and only working from home on an ad.