With more employees now working from home because of COVID-19 containment measures, the Australian Tax Office (ATO) has issued information on expenses that may be claimable at tax time.To claim a deduction for working from home, all of the following must apply:
You cannot claim a deduction for items provided by your employer or if you have been reimbursed for the expense.If you are not reimbursed by your employer, but instead receive an allowance from them to cover your expenses when you work from home, you:
On the Australian Taxation Office website, you can find a full run-down of information including:
As always, please check in with your financial adviser or registered tax professional if you have questions.