WFH Logbook AustraliaThe new $1,000 deduction. Or, why full-time WFH workers should still log their hours
The new $1,000 standard deduction may simplify tax time, but full-time WFH workers could claim more by keeping a contemporaneous record of their actual hours.
Tax Planning
Expenses you can still claim on top of the fixed-rate method
Using the fixed-rate method doesn't mean you're limited to 70 cents per hour. Certain work-from-home expenses can be claimed separately, potentially boosting your deduction.
Fixed rate vs actual cost: which WFH deduction method is right for you?
The ATO offers different methods for claiming WFH deductions, each with its own requirements and benefits. Understanding which method suits your situation can maximise your return while keeping you compliant.