What?
The ATO has announced a new temporary short cut method for claiming home office running costs (e.g. additional heating, cooling, internet, depreciation).
Who?
Employees who are now required to work from home as a result of Covid-19.
What can I claim?
The ATO will allow individuals to claim a deduction for all running expenses incurred during the period 1 March 2020 to 30 June 2020, based on a rate of 80 cents for each hour an individual carries out genuine work duties from home.
Do I need a dedicated work area to claim this deduction?
No
Can multiple people in my household all claim this deduction?
Yes
What records do I need to keep?
You must keep a record of the number of hours you worked from home as a result of the Coronavirus, during the above period. This record can include timesheets, diary entries/note or even rosters.
More information?
Click here – https://www.ato.gov.au/General/COVID-19/Support-for-individuals-and-employees/Employees-working-from-home/