Question 1

How does the work from home deduction at 67 cents per hour work for 2024-25?

Accepted Answer

For the 202425 financial year, if you work from home, you can claim deductions using the revised fixed rate method at 67 cents per hour. This rate covers the following expenses:

Electricity and gas for heating, cooling, and lighting
 Phone and internet usage
 Stationery and computer consumables

To use the 67 cents per hour method, you must:

Work from home while carrying out your employment duties (not just checking emails briefly)
 Have a dedicated workspace or a defined area set aside for

Question 2

How do I claim car expenses for work-related travel in Australia?

Accepted Answer

You can claim car expenses for workrelated travel in Australia, but not for ordinary commuting between your home and regular workplace. Workrelated car travel includes trips between different workplaces, travelling to meet clients, and carrying bulky tools that cannot be stored at work.

There are two methods to calculate your car expense deduction:

1. Cents per kilometre method:

Rate for 202425: 85 cents per kilometre
 Maximum claim: 5,000 business kilometres per car per year
 Maximum deduct

Question 3

What can I claim as deductions on an investment property in Australia?

Accepted Answer

If you own a rental investment property in Australia, you can claim a range of deductions against your rental income. These fall into immediate deductions and deductions spread over several years.

Immediate deductions (claimed in full in the year incurred):

Loan interest on the mortgage used to purchase the property (the largest deduction for most investors)
 Advertising for tenants
 Body corporate fees and strata levies
 Council rates and water charges
 Insurance premiums (landlord, building

Question 4

Can I claim self-education expenses as a tax deduction in Australia?

Accepted Answer

You can claim selfeducation expenses as a tax deduction in Australia if the education has a sufficient connection to your current employment. The education must either maintain or improve the specific skills and knowledge required for your current work, or be likely to result in an increase in your income from your current employment.

You CAN claim if the course:

Maintains or improves skills required in your current job
 Results in, or is likely to result in, an increase in income from your c

Categories

Deductions

How does the work from home deduction at 67 cents per hour work for 2024-25?

How do I claim car expenses for work-related travel in Australia?

What can I claim as deductions on an investment property in Australia?

Can I claim self-education expenses as a tax deduction in Australia?