Ato Home Office Expenses 2024 Rate

Ato Home Office Expenses 2024 Rate. Using the actual costs method, you work out your deduction by calculating the actual additional expenses you incur when working from home. From 1 july 2022 a new guideline provides for a revised fixed rate method with a deduction rate of 67 cents per hour, which can be used as an estimate of fair and reasonable additional expenses incurred working from home.

Here’s everything you need to know about the 2024 changes to home office expenses, using the fixed rate method of claiming a tax deduction. This rate covers the additional running expenses that you incur as a result of working from home for energy expenses (electricity and/or gas), internet and data expenses,.