The 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.
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.
An Excel WFH log can be acceptable, but only if you record your actual hours throughout the year. Learn what the ATO expects and why a purpose-built app makes life easier.
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.
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.
Working from home has become a way of life for many Australians, but when it comes to claiming ATO work-from-home deductions, good record keeping is essential. Fortunately, WFH Logbook Australia makes it easy.