WORKING FROM HOME EXPENSES Actual Cost Method

Working From Home Expenses Actual Cost Method No Changes for your 2023 Tax Return   Claim a deduction for additional expenses incurred by working from home such as energy costs, phone, internet, printing, stationery, cleaning.   Must have a dedicated separate home office that you work in.   Claim deduction for purchase and repairs/maintenance of … Continued

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WORKING FROM HOME EXPENSES Fixed Rate

Working from Home Expenses Revised Fixed Rate Method for your 2023 Tax Return Substantiation Required from 1 March 2023   The rate to claim in your 2023 tax return has increased from 52 cents/hour to 67 cents/hour.   No additional deduction for internet, phone, energy expenses, printing and stationery.   Can now also claim deduction … Continued

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