Hellow guys, Welcome to my website, and you are watching Higher WORK FROM HOME deduction in your 2024 Australian Tax Return. and this vIdeo is uploaded by Money with Dan at 2023-03-01T01:00:38-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Higher WORK FROM HOME deduction in your 2024 Australian Tax Return |
| Video Uploader | Video From Money with Dan |
| Upload Date | This Video Uploaded At 01-03-2023 09:00:38 |
| Video Discription | After a permanent change to working from home in recent years, the 2023 Australian tax return will include a higher tax deductions. The Australian Tax Office introduced a simpler method to claim work from home tax deductions in 2022 in response to COVID19 but it was only temporary in nature. The problem is 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. This video will explain how to claim a tax deduction for working from home using the Fixed Rate Method and the Actual method. 💰 Do you need an Excel Template that automatically tracks your expenses in Excel and lets you customise categories to meet your own needs with no ongoing fees each month? Well I have created online tutorials how to do this here: https://youtu.be/sFZgraCGUSs 💰 Use SHARESIGHT to track your shares - https://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!) LINKS MENTIONED 💰 Use SHARESIGHT to track your shares - https://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!) 💰 The Excel Template that I use to track my taxes can also be purchased at my online store here: https://www.etsy.com/au/shop/MoneyWithDan 💰 Get Microsoft Excel here: https://click.linksynergy.com/deeplink?id=/ODnL5GYMpM&mid=24542&murl=https%3A%2F%2Fwww.microsoft.com%2Fen-us%2Fmicrosoft-365%2Fp%2Fexcel%2Fcfq7ttc0hr4r%3F 💰 Capital Gains Tax (CGT) on Shares and ETFs for Beginners | Australia 2022 Tax Return https://youtu.be/2qC1bYl0A50 💰 PAYG Withholding Variation for beginners https://youtu.be/1yDbEpgQd6Y OTHER VIDEOS ✔️ Link a MyGov Account to the ATO in 2 minutes! https://youtu.be/a8Hix-NwRWo ✔️ Link Centrelink to myGov in 2 Minutes! https://youtu.be/JYKOuzzNdZo ✔️ How to Enter ETF Tax Statement in MyGov Tax Return with no Pre Fill | 2022 Australian Tax Return https://youtu.be/ZmhzYaeg1iM ✔️ Why my 2022 Australian TAX REFUND was higher than normal 💰💰😄 https://youtu.be/Co8_99rR2lA ✔️ Higher WORK FROM HOME deduction in your 2022 Australian Tax Returnhttps://youtu.be/QDoESZHuhYI ✔️ Tax File Number (TFN) Declaration Form | Explained | AUSTRALIA only https://youtu.be/bRb5tcvY-JE ✔️ How to track expenses for TAXES automatically | less Excel data entry work for SMALL BUSINESS https://youtu.be/VwqSAiqMyQc ATO LINKS 🔗 Work from Home Expenses instructions and COVID-19: https://www.ato.gov.au/general/covid-19/support-for-individuals-and-employees/employees-working-from-home/ 🔗 MyDeduction App https://www.ato.gov.au/general/online-services/ato-app/mydeductions/ 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. SUBSCRIBE for new videos! #Taxrefund #taxtips #taxreturnaustralia Chapters 0:00 Intro 0:40 What is the Short Cut Method? 2:29 What is the Fixed Rate Method? 3:27 What is the Actual Cost Method? 3:50 MyDeductions App for Free 4:50 Example calculation 6:16 Depreciation calculation tool 8:23 Claiming Occupancy Expenses 8:56 What you can't claim! |
| Category | Howto & Style |
| Tags | work from home tax deductions covid | working from home | tax deductions | tax refund | tax refund when | tax refund australia | australian tax deductions | tax deductions australia | what can i claim on tax return | home office tax deduction | work from home tax deduction | work from home | taxes | work from home jobs | tax relief for working from home | Tax return 20223 | Tax return australia | Tax return 2023 australia | How to claim tax refund australia | Tax refund 2023 | tax | tax return |
