Home Office Deduction Calculators

For more details on Home Office Tax Deductions, make sure to refer to our guide depending on your country:

Simplified Method

The simplified method allows you to claim a standard deduction based on the square footage of your home office.

Simplified Deduction Calculator

Square Feet of Home Office (Max 300):

Actual Expense Method

With the actual expense method, you can claim a deduction based on the percentage of your home used for business purposes. You’ll need to calculate this percentage by dividing the square footage of your home office by the total square footage of your home. Then, you can apply this percentage to eligible expenses, such as rent, utilities, and office supplies. This method often results in a larger deduction, but it requires more detailed record-keeping.

Examples of Deductible Expenses

When using the actual expense method, some deductible expenses include:

Rent or mortgage interest
Property taxes
Utilities (e.g., electricity, gas, water)
Office-specific repairs and maintenance
Depreciation of the home office portion of the property

Remember to keep accurate records of all these expenses to support your deduction claims.

Actual Expense Deduction Calculator

Square Feet of Home Office:

Total Square Feet of Home:

Total Expenses (e.g., rent, utilities, office supplies):

Disclaimer

The information found here is intended for general informational purposes only and should not be construed as legal, financial, or tax advice. Each individual's tax situation is unique, and tax laws and regulations are subject to change. While every effort has been made to ensure the accuracy and reliability of the information provided, we cannot guarantee that it is complete, up-to-date, or applicable to your specific circumstances. It is essential that you consult with a qualified tax professional or financial advisor before making any decisions or taking any action based on the information presented in this article. We are not responsible for any errors or omissions, or for any actions taken based on the contents of this article. By using the information provided, you agree that we will not be held liable for any loss, damage, or inconvenience arising from the use of or reliance on the information contained herein.