Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I worked from home once a fortnight prior to COVID19 and I am now working from home until further notice. I am planning on using flat rate of $0.52 per hour for home office deductions. In February this year I purchased an office chair for $170.00. Can I add this to the home office deductions or is that included in the $0.52 flat rate?