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625 let's talk about tax, baby!

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Working From Home Deductions and Calculators

Millie says, can you please explain the working from home claims, how they'll work and the calculator? I know there were some changes and wanted to better understand it. So we've got the actual cost method, which is still the same as what it was previously. And then we're left with the fixed rate method. This one was also around back in the prior financial years. However, this is the one that there's been a lot of changes with recently. It would just be a washout when you load your tax return. They'll basically compare what you should have paid tax. The difference between what was withheld and what you did or is going to come back as a refund

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