Home Office Tax Deduction Calculator
Compare the simplified $5/sq ft deduction vs tracking actual home bills to maximize your tax savings.
Home Office Tax Deduction Calculator (Simplified vs Actual)
Find out whether claiming the simplified $5/sq ft rate or tracking actual home bills yields a bigger write-off.
1. Workspace Dimensions
2. Annual Household Operating Expenses
+$3,699 higher deduction
Estimated Cash Tax Savings
In ~24% income tax bracket
1. Simplified Method
$1,000
200 sq ft × $5 (Max 300 sq ft)
2. Actual Expenses
$4,699
13.3% of $35,240
IRS "Exclusive Use" Rule
The designated home office space must be used exclusively and regularly as your principal place of business. Guest rooms or dining tables with dual personal use do not qualify.
Frequently Asked Questions
The Simplified Method allows a standard deduction of $5 per square foot of dedicated workspace, up to a maximum of 300 square feet ($1,500 maximum annual deduction).
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