Working From Home
67c per hour โ no receipts needed
Fixed Rate Method
Simplest option โ 67 cents per hour worked from home
67c Per Hour (FY2023+)
Covers electricity, internet, phone, stationery, and computer consumables. Just track your hours.
Example
Work from home 8 hrs/day, 3 days/week, 48 weeks = 1,152 hrs x 67c = $771.84
Depreciation on Top
You can still separately claim depreciation on furniture and equipment (desk, chair, monitor).
Example
Bought a $600 office chair? Claim depreciation on it AND the 67c/hr rate.
Actual Cost Method
More paperwork but potentially bigger claim
Claim Actual Running Costs
Calculate the work portion of electricity, internet, phone, stationery, and depreciation individually.
Example
Your electricity is $2,400/yr and your home office is 10% of your home = $240 for electricity alone.
Occupancy Costs
Rent, mortgage interest, rates, and insurance โ only if you have a dedicated office space.
Example
Sole traders with a dedicated home office may be able to claim a portion of rent.