The Australian Taxation Office (ATO) has discreetly bumped the fixed rate work from home deduction.
Taxpayers can now claim 70 cents per work hour under the revised fixed cost method. Previously, it was 67 cents per work hour.
The revised change applies from 1 July 2024, meaning taxpayers can use this method for the 2024-25 income tax return.
For more information on work from home expenses, please go to the ATO article here:
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