Have you been directed by your employer to work from home to limit the spread of COVID-19?
While working from home has its benefits, there may be extra expenses too, ranging from printing costs to the need for more internet data and perhaps even additional equipment. You may be able to claim a deduction for the additional running costs you incur.
The costs you may be able to claim include the work-related portion of any heating, cooling and lighting for the area you’re working from, work-related phone and internet costs, and work-related decline in value of a personally owned computer and associated office equipment.
To claim these expenses, you must keep specific records ranging from diary entries to receipts. The Australian Tax Office fact sheet provides a summary expenses, scenarios and records you must keep. Should you have any questions please speak with your Client Relationship Manager.