Tax Invoice
Episode 46 – COVID-19 and tax time
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:17:30
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Sinopsis
The ATO’s Tax Time spokesperson Assistant Commissioner Tim Loh joins podcast host David Jepsen for another episode of Tax inVoice, to help taxpayers understand what they can and can’t claim relating to COVID-19. and the tax implications of COVID-19 Government support payments.Over the course of the pandemic, the Government delivered multiple COVID-19 support payments, each with different tax requirements.COVID-19 Disaster Payments, for instance, are non-taxable support payments and don’t need to be included in your tax return. Pandemic Leave Disaster Payments however are taxable and must be reported as income in your tax return.COVID-19 work-related expenses and working from home expenses may change what deductions can be claimed in your tax return. Eligible deductions may include:electricity expenses for heating, cooling or lightingthe decline in value of office furniture and items used for work internet and phone expensesCOVID-19 tests (if purchased for work related purposes)personal protective equipment (P