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The tax deduction which made claiming working from home expenses simpler is set to end, however there are growing calls to make the standard permanent.
The temporary COVID-19 deduction shortcut enabled people to claim a flat rate of 80 cents for every hour they worked from home to cover all extra costs, such as internet and electricity.

However, the deduction is set to end this financial year.

The tax deduction which made claiming working from home simpler is set to end, however, there are growing calls to make the standard permanent.
The tax deduction made it easier to claim working from home hours. (9News)

When it ends, people with dedicated home offices can claim depreciation on things like computers.

But for anyone working from a kitchen table or bedroom, the tax deduction will no longer apply.

“If you’re an employee, the range of deductions will be much less,” Michael Croker from Chartered Accountants Australia said.

Despite the pandemic looking as if it is coming to an end, many people are continuing to work from home either a couple of days a week or permanently.

“Many people will be working from home for the rest of their lives, so let’s get this sorted with some clear working from home guidelines,” Mr Croker said.

The tax deduction which made claiming working from home simpler is set to end, however, there are growing calls to make the standard permanent.
The deduction meant you could claim 80 cents per hour worked from home. (9News)

Additionally, living costs are continuing to rise, meaning working from home can become more expensive.

“Costs in general are just rising, housing costs, fuel costs,” Mr Wong said.

“To add the additional costs in electricity really hurts.”

The tax deduction which made claiming working from home simpler is set to end, however, there are growing calls to make the standard permanent.
There are now calls to keep the COVID-19 tax deduction. (9News)

This has sparked chartered accountants and employees to call on the government to make the COVID-19 deduction permanent.

“It gives you much more flexibility because you don’t have to have a dedicated study or fixed work area to be able to claim that deduction,” business owner Ben Wong said.

Which car has right of way at the intersection?

Which car has right of way at this intersection?

“So it gives you the choice of either using the current methods or the new 80-cent method and it just provides much more flexibility.”

Source: 9News

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