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.
13 April 202002:09 PM - edited 13 April 202002:10 PM
Hello! does anyone know if the shortcut method of claiming for home office expenses of 80 cents per hour (under the COVID19 provisions) still allows for you to also seperately claim your initial capital outlay of working equipment? (i.e. the cost of buying a keyboard, monitor etc)
To work at home, I had to buy an ergonomic chair and a monitor and mouse and keyboard and cable for home to connect to my work laptop (each item was under $300 each and none of these items will ever be used for personal use as I have my own personal laptop). Can these items be claimed outright as they are under the $300 per item along with the 80 cents per hour shortcut method for home office expenses or not?
If not, can I claim the fixed rate method of 52 cents per hour for my running costs i.e electricity/internet and then also claim the outright item costs that I had to pay to set up the working from home space? Thank you! :-)