80¢ p/h Work-From-Home Deduction Method Extended
- The 80¢ p/h Work-From-Home claim shortcut method has been extended until the 30th June 2021.
- The temporary shortcut method will continue to be supplementary to the 52¢ fixed-rate method.
The 80¢ p/h Work-From-Home claim shortcut method, introduced in April 2020 in response to COVID-19, has been extended until the 30th June 2021.
This is the third time the Tax Office has chosen to extend the shortcut method, after it was first due to expire at the end of the last financial year, then September 2020, and more recently, at the end of December 2020.
Further, the ATO’s updated Practical Compliance Guideline 2020/3 no longer states whether further consideration will be given to extend the latest end date.
The temporary shortcut method will continue to be supplementary to the 52¢ fixed-rate method and the actual cost method of calculating running expenses, with taxpayers able to choose the appropriate method for their circumstances.
If you have any questions or need advice and clarity specific to your situation, feel free to contact Semmens & Co on 03 8320 0320 for a free consultation.