Well, it’s July. The highest month when people lodge their tax return. People are lodging their tax return and tax agents are busy at their fullest to get must of this season. There are lots of offers from the agents in the market to claim the tax. But due to this COVID-19, it is not like previous years. Lots of people worked from home in this pandemic situation. So, while lodging their tax return they should know what cost they can and can’t claim in their tax return.
After the pandemic of Coronavirus, the Australian government allowed to access their superannuation, and the ATO website got crashed because people were rushing to take their dollars. During that period market was down and job opportunity was less than the least. Thousand of people lost their jobs but many people worked from home to keep the country’s economy up and running. Accountants, Engineers, teachers, tutors, technicians, doctors, and many more people worked from their home or operated their service online. Now, they are lodging their tax back as last year. But the situation is different now and there are some changes to what they can claim and they can not.
What can you claim in tax return while working from home?
Things you can claim in tax return while working from home are given below. these expenses can help you to deduct your tax.
- Phone and Internet expenses
- Cost of cleaning for work area
- Items you are using to operate your work or services
- Computer and related instruments (printer ink, paper, clips) and stationery.
- Electronic expenses of heating or cooling device and other devices in use
- Expenses of are you are working and running
What you can not claim in tax return while working from home?
You may be thinking you can claim these things but you can not claim it if you are working from home.
- Cost of coffee, tea, drinks, or other stuff your employer may have provided to you.
- Expenses for your children or other members of the family to buy learning equipment ( iPad, pen, desk, etc) or electrical use.
- Items that you’re reimbursed for, paid directly by your employer or the decline in value of items provided by your employer – for example, a laptop or a phone
- Time spent on other stuff rather than work. For example, general working, schooling children, and many more.
This is for what expenses you can and can’t claim on tax return while working from home. For more information, Please link our Facebook page or follow us or subscribe us to the mail. We will notify you.
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