Temporary Working from Home Expenses Rule

The Australian Taxation Office has announced special arrangements this year – and it affects everyone working from home due to the coronavirus crisis.

         

A shortcut method will allow people to claim a rate of 80 cents per hour, instead of calculating costs for specific running expenses as taxpayers would, under normal circumstances.

Multiple people living in the same house can claim this new rate individually.  It is no longer a requirement to have a dedicated work from home area in order to claim from 1 March  to 30 June.

The person MUST keep a record of hours worked from home.

The existing rules for claiming home remain available.

Of importance today – keep a record of hours worked at home starting 1st March 2020.

 

 

AcctWeb

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