The ATO has introduced a simplified method for claiming deductions for anyone working from home as a result of COVID-19. Between 1 March and 30 June 2020, taxpayers will be able to claim 80 cents per work hour for all their additional running expenses, rather than needing to calculate costs for specific running expenses. This new method is designed to make tax returns simpler for anybody who has recently transitioned to working from home due to COVID-19, and ensures they are able to easily claim their relevant deductions
1. Working From Home Media Release – Explains a new method for claiming expenses related to working from home
2. Teachers Tax Time Poster – This poster provides helpful information on which expenses teachers can and cannot claim at tax time.