EOFY Internet Checklist: Maximise Your Tech Tax Deductions

EOFY Internet Checklist: Maximise Your Tech Tax Deductions

The end of the financial year (EOFY) is just around the corner — and if you’re working from home or running your own business, your internet connection could help reduce your tax bill. Whether you’re logging into Zoom meetings or managing a side hustle from your study, a portion of your internet expenses may be tax-deductible. Here’s how to make the most of it.

Can you claim internet expenses?

If you use your home internet for work purposes, the Australian Taxation Office (ATO) may allow you to claim a percentage of your internet bill as a deduction. You may be eligible if you are:

• A remote or hybrid worker
• A freelancer or sole trader
• A small business owner
• A student who works part-time from home

The catch? You can only claim the percentage that directly relates to work use. For example, if 40% of your usage is for work, you can claim 40% of your costs.

Keep your records in order

To support your claim, you’ll need to keep accurate records. The ATO recommends tracking your internet usage over a representative four-week period to help determine your work-related percentage. You should also keep:

• Monthly internet bills
• Your internet plan or contract details
• Receipts for installation or equipment costs

If you changed internet providers during the year — for example, made the move to Move Up — don’t forget to include all providers in your documentation.

Claiming equipment and setup costs

It’s not just your monthly bill that may be claimable. If you’ve purchased internet-related equipment to improve your home setup, some of these items might also be deductible, including:

• Modems
• Routers
• Mesh system
• Network cabling or range extenders

Depending on the cost, you may be able to claim the full amount immediately or depreciate the item over time. Check with your accountant or tax advisor for what applies to your situation.

Review your plan while you’re at it

EOFY is also a great time to reassess your internet plan. Are you paying for more than you need, or struggling with a connection that doesn’t keep up? At Move Up, we provide high-speed internet with no lock-in contracts, competitive rates, and a local support team who actually gets it. Whether you’re video calling clients or backing up large files, we’ve got plans that work for your home office.

Speak with a professional

Tax rules can vary depending on your work situation, income, and usage. It’s always best to consult with a registered tax agent or visit the ATO website for up-to-date advice before lodging your return.

Conclusion

Your internet connection isn’t just a monthly cost — it’s a tool that keeps your business, career, or studies moving forward. Make the most of it this tax season. Our prices are changing with the new financial year — lock in the Starter Plan for $59 and Unlimited for $79 while you still can!