Have you been working from home during COVID-19? While working from home has its benefits, there may be extra expenses incurred. These can range from printing costs to the need for more internet data and perhaps even additional equipment.
There are two different ways to claim deductions for additional running costs you incur. Costs you may be able to claim include:
– the work-related portion of any heating, cooling and lighting for the area you’re working from
– work-related phone and internet costs
– work-related decline in value of a personally owned computer and associated office equipment
To claim these expenses, you must keep specific records ranging from diary entries to receipts and keep a record of the hours you worked from home.
Since COVID-19, the ATO has introduced a new method to claim running expenses when working from home. This method allows a deduction of 80 cents per hour worked without the need to calculate actual costs incurred, from 1 March 2020 to 30 June 2020.
#peninsulapersonnel #workingfromhome #workingremotely #covid19