Written by Sheppard-Hanson-Accountants on April 5, 2024 in Practice Updates

Taxpayers who have been working from home this financial year, and who consequently incurred work-related expenses, have two ways to calculate their work from home deduction:

    • the actual cost method or the fixed rate method.

Taxpayers need to have the right records, and the record-keeping requirements differ for the fixed rate method and the actual cost method. []