Work from home expenses: new rate
A new revised fixed-rate method for calculating WFH expenses will apply from 1 July 2022 onwards. This new rate of 67c per hour covers energy expenses, internet, mobile, home phone, stationery and computer consumables. With the previous shortcut method of 80c per hour no longer available, taxpayers will only have the choice between this new revised fixed-rate method and the actual cost method from 1 July 2022. To use this new method, additional record keeping requirements in terms of actual hours worked from home and evidence of the expenses will need to be kept.
