Will Australia ever do away with work-related expense deductions? The number of Australians claiming deductions has increased in recent years, especially since more Australians claim work-from-home expenses. In 2021-22, almost 9 million Australians claimed about $22 billion worth of work-related exp...
The ATO has recently announced it has “refreshed” the way taxpayers claim deductions for costs incurred when working from home to “better reflect” contemporary working-from-home arrangements. The ‘fixed rate’ method of claiming such deductions has changed. Claiming deductions via t...