The fixed-rate method allows Aussies to claim 67 cents per hour worked from home for tax deductions without needing a logbook, but records must be kept.
The ATO is closely monitoring work from home deductions, especially if you claim high amounts similar to those during the pandemic.
Tax accountants advise that you must keep detailed records of hours worked from home, including deductions for personal, annual leave, and holidays.
In 2023, over four million Australians claimed work from home deductions, with many using the fixed-rate method, highlighting a trend toward home-officing.
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