What kind of financial support can I get from government or electricity retailers in light of COVID-19 working/studying from home?

What kind of financial support can I get from government or electricity retailers in light of COVID-19 working/studying from home?

If you have been working from home, you may have expenses you can claim a deduction at tax time (see tax section for further details). Tracking these expenses can be challenging, so the ATO have introduced a temporary shortcut method. It's a simple way to calculate these expenses with minimal record keeping requirements. The shortcut method initially applied from 1 March 2020 to 30 June 2020, however it can now be applied up until 30 September 2020.

Some states and territories are also offering households and some businesses automatic electricity rebates. These rebates are not included in assessable income. For a business, the rebate will reduce the deduction the business can claim for electricity.

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