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More than 1.2 million Australians file tax return in rush for COVID-19 refunds

More than 1.2 million Australians file tax return in rush for COVID-19 refunds

September 02, 2020

More than one million Australians have already filed their tax returns just 13 days into the new financial year as many await a cash injection from their refund.

 

It's the highest ever number of returns this early in the financial year as COVID-19 restrictions stifle incomes and place more than 850,000 Australians out of work.

 

The rush for returns comes as the Australian Tax Office (ATO) extends its working from home shortcut method until the end of September to coincide with the end of JobKeeper.

 

Under the scheme, Australians working from home can claim a flat-rate deduction of 80 cents per hour for running costs, equipment depreciation and expenses such as phone and internet.

 

"The shortcut deduction method is making it easier for many Australians who are continuing to work from home due to COVID-19 when it comes to accurately completing their tax return," Assistant Treasurer Michael Sukkar said.

 

"These continuing arrangements do not prohibit Australians from making a standard working from home claim using the two standard approaches should they wish to do so."

 

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