As the trend in working from home increases, the ATO understands that there are extra costs involved that employees will want to claim. Claims can be made for items such as depreciation on a computer, phone, internet, printing and stationery.
If you wish to claim working from home expenses, then you need to keep supporting records such as receipts, diary entries and itemised phone bills.
One of the biggest issues the ATO has is people claiming the ENTIRE amount of expenses such as their internet or mobile phone, not just the portion related to work.
If you are planning on claiming deductions, make sure you follow the three golden rules:
- You must have spent the money yourself and not have been reimbursed;
- It must be directly related to earning your income, not a personal expense;
- And, you must have a record to prove it.
Remember too that the ATO may also contact your employer to confirm your claim.
For further information contact our office or refer to ATO Website
