Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Our Home office shortcut method calculator will take between 1 and 5 minutes to use. Include the description ‘COVID-hourly rate’. Once you calculate your deduction, enter the amount at other work-related expenses in your tax return. You must have a record of the hours you worked from home, for example, a timesheet, roster or diary. If you choose to use this method, there is no requirement to separately calculate the decline in value of equipment or depreciating assets or any other working from home expense. The shortcut method includes decline in value of all items.
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