Determine your home office deduction using either the simplified method ($5/sq ft) or actual expenses. This worksheet compares both methods to find your bigger deduction.
AlphaTax's Home Office Calculator automatically compares both methods, tracks your actual expenses year-round, and recommends the optimal approach for your situation.
Start Free TrialNot necessarily, but the space must be used regularly and exclusively for business. A dedicated desk area can qualify if it's only used for work.
Actual expenses often yield more if you have high rent/mortgage, utilities, and repairs. Simplified is easier and may be better for small spaces.