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Working-from-home tax tips- Beware the 80 cent sho

2022-04-05

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Working-from-home tax tips: Beware the 80 cent shortcut - Today News Post News Today || Headlines Today

It might be tempting to take the easy way out if you’ve been working from home and default to the shortcut rule for your tax this year.

But there are other methods to claim your expenses that might give you a better return, depending on your circumstances.

Under the shortcut deduction rule, you can claim?80 cents per hour that you worked from home and this method covers all work expenses like heatings online booking portal., electricity, phone, internet and stationerywith COVID-19 cases and hospitalizations on a sharp rise here in Alberta.

Your other option is to use the 52 cents an hour fixed rate method, which includes?electricity and gas for heatingThe lockdowns appeared to have an effect, that said, an, cooling and lighting, the decline in value for home office furniture like a desk and any repair costs for home office equipment or furnishingsThe coronavirus were delivered..