Coming Up Mon 9:00 PM  AEST
Coming Up Live in 
Live
Punjabi radio

Working from home due to coronavirus? Here's what you claim on tax

Claim the expenses directly related to your income. Source: Harjit Singh

If you're working from home due to the coronavirus restrictions, you will be able to claim the work-related proportions of household costs. Sydney-based accountant Harjit Singh explains what you can claim as tax deductions.

Mr Singh says the Australian Taxation Office (ATO) has issued new guidelines for work-related tax deductions in the wake of more people working from home.

The new arrangement will allow people to claim a rate of 80 cents per hour for all their running expenses.


Highlights:

  • Employees can claim 80 cents per hour tax deduction for each hour of work done
  • Employees can't claim a deduction for items that their workplace has provided 
  • There are three ways to make these claims

Mr Singh, however, warns that not all expenses are tax-deductible under this new provision.

"You will have to show that you have actually spent the money on items required for your working from home and that these expenses are directly related to your earnings. You will also need to keep all the records to prove your spendings to make these claims," he says.

Explaining how these claims can be made, Mr Singh says there are three ways: "The shortcut method, the fixed-rate method and the actual cost method." He adds that the shortcut method is "perhaps the simplest of all three methods."

"All you have to do is maintain a timesheet of the number of hours you worked on each day of the week to claim 80 cents per hour for all additional running expenses," says Mr Singh.

Click on the player above to listen to the interview in Punjabi.

People in Australia must stay at least 1.5 metres away from others. Check your state’s restrictions on gathering limits.

Testing for coronavirus is now widely available across Australia. If you are experiencing cold or flu symptoms, arrange a test by calling your doctor or contact the Coronavirus Health Information Hotline on 1800 020 080.

The federal government's coronavirus tracing app COVIDSafe is available for download from your phone's app store.

SBS is committed to informing Australia’s diverse communities about the latest COVID-19 developments. News and information is available in 63 languages at sbs.com.au/coronavirus.

Listen to SBS Punjabi Monday to Friday at 9 pm. Follow us on Facebook.

Coming up next

# TITLE RELEASED TIME MORE
Working from home due to coronavirus? Here's what you claim on tax 19/05/2020 12:00 ...
Melbourne school amends uniform policy to allow Sikh students to wear 'patka', turban 13/07/2020 09:28 ...
‘Oh Te Main’ by Tasaduq Hussain Bhatti: A classic analysis of the life 11/07/2020 10:27 ...
Australian News in Punjabi: 10 July 2020 10/07/2020 12:15 ...
ਇੰਨਾਂ ਠਹਿਰਾਉ, ਐਸਾ ਲਗਦਾ ਹੈ ਕਿ ਕਿਸੇ ਦੂਸਰੀ ਦੁਨੀਆਂ ਵਿੱਚ ਉਤਰ ਆਏ ਹਾਂ! 10/07/2020 08:23 ...
‘Be part of the change’: Plastic Free July urges people to refuse to choose single-use plastics 10/07/2020 15:00 ...
‘Tips for successful visa application’: Love and partner visas in the time of COVID-19 10/07/2020 12:00 ...
Free online courses to entice international students 10/07/2020 07:20 ...
How to use telehealth? 10/07/2020 10:25 ...
Educators prepare for a possible return to remote learning in Victoria 10/07/2020 05:10 ...
View More