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HR BLOCK TAX CALCULATOR PROFESSIONAL

HR BLOCK TAX CALCULATOR PROFESSIONAL

If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. You can use the fixed rate method to work out your deduction for working from home expenses. Once you calculate your deduction, enter the amount at 'Other work-related expenses' in your tax return. It’s a fast, easy way to capture information on the go by taking and uploading photos of receipts. You can use the myDeductions tool in the ATO app to keep track of your expenses and receipts throughout the year. If you don't have a representative 4 week period of your hours worked from home or your work-related use of your phone, internet and depreciating assets because they vary throughout the income year, you will need to keep records for the entire income year. However, if your work pattern changes you need to create a new record. If you record the hours you work from home during a 4 week representative period you can use it across the rest of the income year to work out the total number of hours you work from home. the percentage of the year you use your depreciating assets exclusively for work.

phone accounts identifying your work-related phone calls and private phone calls to work out your percentage of work-related use for a 4 week representative period.

receipts or other written evidence that shows the amount spent on expenses and depreciating assets you buy.

a record of the number of actual hours you work from home during the income year or a diary for a representative 4 week period to show your usual pattern of working at home.

To claim the work-related portion of your working from home expenses, you must keep: Use our Home office expenses calculator to help work out your deduction.

decline in value of depreciating assets other than home office furniture and furnishings used for work purposes – for example, computers and laptops.

computer consumables and stationery – such as ink.phone, data and internet expenses, including the decline in value of the handset.You can also claim the work-related portion of the following expenses, which are not covered by the 52 cents per hour rate, if you incur these expenses as a result of working from home: electricity and gas for heating, cooling and lighting.the decline in value of home office furniture and furnishings – for example, a desk.The rate includes the additional running expenses you incur for: You can claim the fixed rate of 52 cents for each hour you worked from home. records of the number of hours spent working at home for the whole income year.records that show the work-related portion of expenses not covered by the fixed rate per hour.have a dedicated work area, such as a home office that you use when you work from home.

incur additional running expenses as a result of working from home.Record keeping for the fixed rate method.Calculate your work from home deduction.