Changes to Working from Home Expenses

The Australian Taxation Office (ATO) has revised the way that taxpayers claim deductions for costs incurred when working from home. 

The key changes that commence from 1 March 2023 are:

• an increased rate – from 52 cents to 67 cents per hour worked from home 
• removal of the requirement to have a separate home office or dedicated work area.
• inclusion of phone and internet expenses as well as electricity and gas usage, computer consumables and stationery costs. 
• taxpayers will now separately to claim the decline in value of work-related equipment, office furniture, and any other running expenses not covered by the rate per hour. 

Article posted 27 February 2023