Home Office Deduction Calculator
If you use part of your home regularly and exclusively for business, you may qualify for a home office tax deduction. This calculator estimates your deduction under both the IRS simplified method (a flat rate per square foot) and the actual expense method (a percentage of your total home costs), so you can compare which is more beneficial.
About this calculator
Estimate your home office tax deduction using either the simplified IRS method or the actual expense method based on square footage.
Frequently Asked Questions
What is the IRS simplified method?
The simplified method allows a deduction of $5 per square foot of home office space, up to a maximum of 300 square feet ($1,500 maximum deduction).
What counts as an actual home expense?
Actual expenses include mortgage interest or rent, utilities, homeowners insurance, repairs, and depreciation, prorated by the percentage of your home used for business.
Who qualifies for the home office deduction?
Generally, self-employed individuals who use part of their home regularly and exclusively for business. W-2 employees typically cannot claim this deduction under current federal tax law.