“To optimise your tax return, start preparing now by recording working hours and filing receipts and bills,” he said.
“Employees should know that if they incur extra expenses through working from home, which aren’t reimbursed by their employer, they should be able to claim a tax deduction for those costs.”
The survey found 42 per cent of respondents said they were aware of what they could claim on tax when working from home, 41 per cent were unsure and 17 per cent did not realise this was an option.
“The easiest option is to claim the ATO’s (Australian Taxation Office) flat rate allowance for home working of 52 cents per hour,” he said.
“All you need to do to claim this is to keep a diary of your home working – note the time you start work each, day, the time you finish work each day and any breaks.
“In addition, you can also make separate claims for the work-related proportion of items like your home internet, mobile phone costs and other expenses that directly relate your work, like stationery, printer ink and even additional toilet rolls.”
Alternatively the other way is to keep a record of all the expenses you have.
Tahnee Almelor, 29, is a manager of client partnerships for a media and advertising company and has transformed her home kitchen into her workspace. She said with the changes happening so suddenly she had not thought about tax deductions relating to working from home.
“I’ll probably raise that with my accountant but I am not aware as to whether I need to be prepping for tax time,” Ms Almelor said.
”With our Humaniti app, you can easily set up a category such as ‘Home office expenses’ so each time you go to Officeworks, or IGA to buy a stapler, not to buy groceries, or you pay your internet bill, you can load that all into this category then download it and hand to your accountant,” he said.
Originally published as Working from home expenses you can claim