After a permanent change to working from home in recent years, the 2023 Australian tax return will include more tax deductions for the home office and working from home. The Australian Tax Office introduced a simpler method to claim work from home tax deductions in 2022 in response to COVID19 to make it easier to claim this tax deduction. Many people in Australia still continue to work from home from 2023 and onwards as they have switched to either a hybrid work mode or permanent work from home so having an easy way to claim working from Home as a Tax deduction was important.

This video will explain how to claim a tax deduction for working from home using the ATO's Fixed Rate Method. Simple and Easy to calculate.

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💰 Use SHARESIGHT to track your shares - www.sharesight.com/moneywithdan/
(BONUS When you signup using this link, the first 4 months of subscription are free if you choose to upgrade to advanced plan and I may get a small my commission at no extra cost to you, so we both win!)

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ATO LINKS

🔗 Work from Home Expenses instructions and COVID-19: www.ato.gov.au/general/covid-19/support-for-indivi…

🔗 MyDeduction App www.ato.gov.au/general/online-services/ato-app/myd…

DISCLAIMER: it is important to note that the information in this video is for general information and entertainment purposes only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances.

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