Call (07) 4151 8898  Call (07) 4151 8898 

80 cents per hour 'shortcut' method for home office expenses has been extended

Back in April 2020 the ATO announced that a 'shortcut' method was to be made available to use from 1 March 2020 until 30 June 2020 for individuals claiming home office expenses due to COVID-19.   The ATO has recently announced an extension of this shortcut method to also include 1 July 2020 to 30 September 2020.

In summary, a taxpayer can claim a deduction of 80 cents for each hour they work from home due to COVID-19 as long as the individual is:

A taxpayer does not have to have a separate or dedicated area of their home set aside for working, such as a private study.

The shortcut method rate covers all deductible running expenses such as: electricity and gas  used for heating/cooling and running electronic items used for work purposes; depreciation and repair of assets used for work purposes; work-related phone and internet costs.

The Money Edge | Bundaberg

Recent Posts

VIEW ALL VIEW ALL

Subscribe to keep informed!

Sign up for The Money Edge's Money Tips!

First Name


Email Address

The Money Edge respects your privacy. If you do not wish to receive any further mail from us, please feel free to contact us on the below contact details . For more information about The Money Edge's privacy policy, please refer to our Privacy Policy