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reflect your working arrangements this year,’ Mr Loh said.

expenses, you can use the actual cost, or the revised fixed rate method to calculate your deduction, as long as you meet the eligibility and record keeping requirements.

The revised fixed rate method has increased from 52 cents to 67 cents per hour worked from home, and you no longer need to have a separate home office or dedicated work-space – if you are working from the couch, you can still use this method.

The revised fixed rate covers your costs for electricity, gas, stationery, computer consumables, internet and phone usage.

You can claim a separate deduction for those expenses not included in the rate for example, decline in value of depreciating assets, such as computers and office furniture.

To use the revised fixed rate method, you need a record of the total hours worked from home.

From 1 March 2023, you are required to keep a full record of the total number of hours you have worked at home. You will also need evidence of the expenses covered by the rate that you have incurred, for example a monthly or quarterly bill.

“Keeping the records you need to use this method is really simple – records of hours worked from home can be in any form, for example timesheets, rosters, or a diary of the full year. If you’ve used your phone and electricity when working from home, you just need at least one bill for each of these expenses,” Mr Loh said.

Car expenses

Last year nearly 3 million people claimed work-related car expenses, with most people using the cents per kilometre method.

“Generally, you can claim a deduction for the cost of trips you undertake in performing your work duties, and not for your ordinary commute between home and work,’ Mr Loh said.

This year, if you are eligible to claim workrelated car expenses and you use the cents per kilometre method, the rate has increased from 72 cents to 78 cents per kilometre.