Free Home Office Deduction Calculator
Calculate your home office tax deduction using the simplified method ($5 per square foot).
sq ft
%
Home Office Deduction
$1,000
Tax Savings$220
Home Office Deduction vs Marginal Tax Rate
Simplified Home Office Deduction
Deduction = Office Square Feet x $5 (max 300 sq ft = $1,500)
The simplified method requires no actual expense tracking. The regular method may yield a larger deduction if your expenses are high.
Note: Only available for self-employed individuals. W-2 employees cannot claim the home office deduction.
Example Calculation
200 sq ft office, 22% tax rate.
- 01Deduction = 200 x $5 = $1,000
- 02Tax savings = $1,000 x 22% = $220
Frequently Asked Questions
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