From www.accountantsdaily.com.au: The ATO will increase the fixed rate for calculating working from home expenses to 70 cents per hour starting from 1 July 2024., according to an update of PCG 2023/1.

This change will apply to the 2024–25 income year and allows taxpayers to claim a fixed rate for each hour worked from home, which includes various running expenses.

Taxpayers must keep accurate records of hours worked and relevant expenses to validate their claims under this method.