The "Easiest" Work from Home Deduction for Aussie 2024 Tax Return

[@dfpca2007]

That is great the amount has increased. More money back at tax time. Thanks 🙏 😊

[@MoneywithDan]

glad to hear it!

[@jjpk80]

Hi nice video. What type of evidence is required for no. Of hours that we work from home? Can I just compile an excel sheet myself?

[@MoneywithDan]

Yes, absolutely. Any type of diary, including and Excel log is great. If you have a set number of days you work at home each year, every week, you can simply multiply your normal hours worked at home per day by 67 cents x days worked at home, reducing by any leave taken of course. Having a log in Excel allows you to claim more than your standard work hours at home which is great if you work overtime.

[@jjpk80]

@@MoneywithDan That's great. My taxable income starts from Jan 2023 this year and I also purchased an office table for 199 and office chair for 99. How much can I claim the amount for reimbursement? And what type of method should I use e.g. actual cost or other type of method?

[@MoneywithDan]

@@jjpk80 I made a more detailed video here that should explain it in more detail Uncovering Tax Savings for Work from Home Deductions in Australia | 2023 Updates kzbin.info/www/bejne/rojXp2Njbql_f6c

[@ajlavanetwork5755]

Do they classify Nurses in emergency having to do excessive at home online modules & work books??? In addition; those seniors who are on registry for disaster deployments the education at home & education days in own time are relentless Once a month 6 hours minimum face to face unpaid simulations for ED. Excluding the excessive work from home hours to maintain all these NSW health changes for ECAT. I addition; modules in general Webinars Have to do everything at home etc etc

[@MoneywithDan]

Thanks for your hard work in ED. You may find this video more helpful on this question. 2024 Tax Return Tips: Self-Education Deductions in Australia! kzbin.info/www/bejne/f4e1mKuXgLymqKM