Due to the impacts of the COVID-19 pandemic and the increase in the number of individuals working from home, the ATO has extended the all-inclusive temporary shortcut method to calculate an individual’s working from home deduction amount by another 12 months to 30 June 2022.

The shortcut method allows taxpayers to claim a flat rate of 80 cents per hour for all of the expenses associated with working from home. The expenses include:

  • phone and internet expenses
  • decline in value of equipment and furniture, and
  • electricity and gas for heating, cooling and lighting.

Further information

Australian Tax Office, Home office expenses, 15 October 2021

Additional information

Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 (MIML) is the operator of Macquarie Investment Manager, Macquarie Investment Manager II, Macquarie Investment Consolidator, Macquarie Investment Consolidator II and Macquarie Investment Accumulator; and is the Trustee of the Macquarie Superannuation Plan.

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The information on this page does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a product mentioned on this page, a person should obtain and review the terms and conditions and/or relevant offer document relating to that product and also seek independent financial, legal and taxation advice.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited AFSL and Australian Credit Licence 237502. It is provided for the use of licensed and accredited brokers and financial advisers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products.