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520 tax time essentials! WFH, sole traders, shares & crypto, super contributions, two jobs, rental properties + more

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Is the Actual Cost Method the Best Method?

The fixed rate method is set at 52 cents per so this covers your decline in home office phurniture, your electricity and gas and cleaning. On top of that amount, you can claim additional deductions for your phone, your internet, any computer consumable, and then the decline in value of your depreciating assets. And then we have the actual cost method, which i guess is probably the hardest to out,. requires a few more calculations, im.

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