Short cut for calculating home office deductions
The tax tip in the May issue mentions that you can use a fixed rate of 52 cents per hour for home office expenses.
During the Covid-19 crisis, from March 1 an 80¢ per hour rate “short-cut method” can be used until (at this stage) June 30, 2020, but the ATO could extend that date. I just thought this would be handy for other readers to know.
Jye