The ATO have extended for the third time the 80c per hour claim for work from home deductions.
It was due to cease at the end of December 2020, but will now continue til 30 June 2021.
The temporary shortcut method will continue to be supplementary to the 52¢ fixed-rate method and the actual cost method of calculating running expenses, with taxpayers able to choose the appropriate method for their circumstances
For more information on how the claim works, please refer to our factsheet here, or as always you can give the team a call at the office and we can go through it with you.
View the ATO’s updated PCG 2020/3 here.