The simple trick to getting back an extra $1,000 back in your tax return if you ...

The simple trick to getting back an extra $1,000 back in your tax return if you ...
The simple trick to getting back an extra $1,000 back in your tax return if you ...
The simple trick to getting an extra $1,100 back in your tax return – and why measuring the size of your WFH study is important Since March 2020, Australians working from home had a tax return shortcut Tax office allowed a flat 80 cents an hour rate to save time on adding up claims  But H&R Block said the lower 52 cents an hour rate would yield a bigger refund 

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Australians working from home can get an extra $1,100 back in tax by manually adding up their electricity expenses and measuring their study or dining room.

Individuals have until October 31 to lodge their tax returns online but lockdowns in Sydney and Melbourne have created some confusion, as more people are kept away from the office. 

Since the pandemic began in March 2020, the tax office has allowed white collar professionals to claim a flat 80 cents an hour rate on their expenses.

The shortcut was extended to the last financial year, which means Australians can use their method for every hour they worked up to June 30.

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Australians working from home can get an extra $1,000 back in tax by manually adding up their electricity expenses and measuring their study or dining room. Individuals have until October 31 to lodge their tax returns online but lockdowns in Sydney and Melbourne have created some confusion, as more people are kept away from the office (pictured is a stock image)

Australians working from home can get an extra $1,000 back in tax by manually adding up their electricity expenses and measuring their study or dining room. Individuals have until October 31 to lodge their tax returns online but lockdowns in Sydney and Melbourne have created some confusion, as more people are kept away from the office (pictured is a stock image)

WHAT CAN BE CLAIMED ON TAX?

* Heating, cooling and lighting bills

* Costs of cleaning your home working area, including cleaning products or payment for a domestic cleaner if required

* Depreciation of home office furniture and fittings

* Depreciation of office equipment and computers

* Costs of repairing home office equipment, furniture and furnishings

* Small capital items such as furniture and computer equipment costing less than $300 can be written off in full immediately they don’t need to be depreciated

* Computer consumables like printer ink and stationery

* Mobile and landline phone and internet expenses

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Tax agent H&R Block calculated someone who had worked at home all year would typically get back $1,500

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