Working From Home Deductions: “Shortcut” Rate Until 30 June 2021

The ATO advises that the “shortcut” rate for claiming work-from-home running expenses has been extended again, in recognition that may employees and business owners are still required to work from home due to Covid-19.  This shortcut deduction rate was previously extended to 31 October 2020, but will now available until at least 30 June 2021.

Eligible employees and business owners therefore can choose to claim additional running expenses incurred between 1 March 2020 and 30 June 2021 at the rate of 80 cents per work hour, provided they keep record (such as timesheet or work logbook) of the number of hours worked from home during the period.

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

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