Michelle Maynard
Mel Little
The ATO have announced they will be allowing those working from home to claim 80c per hour as a tax deduction in their 2020 tax returns. This is to cover the cost of electricity and home running costs while working from home from 1 March to 30 June. This deduction has increased from the previous 52c per hour rate (which is still in effect for the remainder of the year). To be eligible you must have to do work from home and keep track of your hours. There are other tax deductions you can claim when working from home such as portion of the home internet, home phone and office equipment. Chartered Tax Advisor Michelle Maynard outlines what deductions you can and can’t claim under the new rules and has some advice for those who’ve purchased new office equipment to enable them to work from home due to COVID-19.
Territory FM 
Serene