Ep 117: Working Home - Jeremy Iannuzzelli

Working from home might be costing Australians more than they realise, not in expenses but in deductions they've been counting on. A landmark Federal Court ruling has just gone against a Melbourne worker who claimed part of his rent for a designated home office, and the implications could ripple across the country.   Jeremy breaks down the ATO's test case win and why it matters now more than ever, as Victoria moves to legalise two days of work from home per week just as the deduction door closes. With deficit forecasts stretching a decade, the ATO isn't done, and this ruling is likely just the opening move before it lands in the High Court.   For anyone currently claiming working from home deductions, whether using the cents per hour method or occupancy costs, this episode is a must watch before lodging your 2026 tax return.     ❓👇🏼Ask your questions using the link below: 👇🏼❓ https://whatschoolshouldhave.com.au/askanyquestion     Get in touch with Jeremy and his team:  Website: https://www.praediumpartners.com.au/     Disclaimer: This podcast offers general financial information and advice and should not be considered as professional accounting, financial, tax, or legal advice. Listeners should seek personalised guidance from qualified professionals before making any financial decisions.   The opinions expressed by the host, guests, or callers are their own and do not necessarily represent those of the podcast, its sponsors, or affiliates. The podcast does not guarantee the accuracy or reliability of any information provided.   Listeners are responsible for their own financial decisions and should not rely solely on information from this podcast. Participation in the podcast does not establish a professional relationship, and information shared during calls is not confidential.   By listening to this podcast, viewers acknowledge and accept these terms. If you do not agree, please refrain from listening. See omnystudio.com/listener for privacy information.