Home Office Deduction Calculator
Home Office Tax Deduction Calculator
Calculate your tax deduction for business use of your home using either the simplified or actual expense method.
Qualification Criteria
Exclusive business use
Regular business use
Principal place of business
Simplified Method Deduction:
$750.00
Actual Method Yields Higher Deduction
The actual expense method would save you $1256.00 more than the simplified method. Keep detailed records of all home expenses.
Simplified Method: $750.00
Actual Expense Method: $2006.00
Business Use: 10.0% of home
Deduction Calculation Details
Your estimated deduction: $750.00
Method Comparison
Simplified Method
$750.00
- $5 per square foot
- Max 300 sq ft ($1,500)
- No depreciation recapture
- Simple record-keeping
Actual Expense Method
$2006.00
- 10.0% of home expenses
- No square footage limit
- May include depreciation
- Detailed records required
Simplified Method Calculation
Office Square Feet:150 sq ft
Rate per Square Foot:$5.00
Months Used:12 / 12
Total Deduction:$750.00
What This Calculator Includes:
Simplified method ($5/sq ft, max $1,500)
Actual expense method with percentage calculations
