Working from home because of coronavirus? You're now eligible for a new 80 cents per hour tax shortcut

The Australian Taxation Office (ATO) is introducing a new method which will allow people to claim 80 cents per hour for all their running expenses, rather than needing to calculate costs for specific running expenses.

ATO expects less reviews/audits if people use new 'simple' method

The change will apply from March 1 to June 30, after which the ATO will review the arrangement for the next financial year as the COVID-19 situation progresses.



For more details , refer to https://www.abc.net.au/news/2020-04-07/claiming-tax-deductions-for-working-from-home-coronavirus-ato/12128622?fbclid=IwAR0zxpCTRR6-eV76Wd5FlpvynFcK4k4d4iclY9Eav2eUfnMlczeZzfISSMc