Home Office Deduction Calculator

Want to potentially increase your tax savings? 

If you are a small business owner, a coach, consultant, home-based business owner or an independent contractor, or someone who simply maintains an office at home residence for the convenience of your business or your employer, you may qualify for a tax break by using the home-office deduction.

The home office deduction allows you to deduct a portion of the cost to run and maintain your home as a business expense. The amount of the deduction is the percentage of expenses that your office square footage represents of your home’s total square footage.

Done properly, this deduction can reduce your taxable income substantially, generating nice tax savings. 

We've created a user-friendly calculator to determine the size of your home, account for all indirect + direct expenses to make sure you take the right amount as a deduction, so you can set your business finances up for success for the 2020 tax season and beyond! 

A word of caution: This deduction is frequently abused, but, on the other hand, often overlooked. Just because this deduction is a common source of tax fraud doesn’t mean you shouldn’t take it if you qualify for it.