Rate for home office expenses increased

The home office running expenses hourly rate has been increased to 52c per hour, up from 45c per hour, effective from 1 July 2018.

The rate per hour method for home office expenses includes all the items that a tax payer can claim as a home office running expense, such as lighting, heating, cooling, cleaning and decline in value of furniture in the work area.

Tax payers who use the rate per hour method to claim a deduction for home office expenses only need to keep a record to show how many hours they worked from home.

If you are currently using our 'Spinell Group Educator Deduction spreadsheet - 2019 Financial Year' you should download a new one here which incorporates the new rate : Spinell Downloads

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