Business
ATO warns it will closely monitor working from home tax deduction in 2021 returns – 7NEWS.com.au
‘You can’t simply copy and paste the previous year’s claims without evidence.’
With the end of the financial year on the horizon, the Australian Taxation Office (ATO) has warned it has its sights set on work-related expenses in this years tax returns.
About 8.5 million people claimed nearly $19.4 billion in work-related expenses in their 2020 tax returns – and with the COVID-19 pandemic forcing thousands of people to work from home, that number is expected to spike.
But Assistant Commissioner Tim Loh says work-related expenses should reflect this.
If you are working at home,…
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