Use our free home office deduction calculator to determine how much you may be able to write off your taxes as a self-employed business owner, solopreneur, or freelancer.
Exclusive Use: The space must be used exclusively for conducting business.
Regular Use: The area must be used regularly for business activities.
Principal Place of Business: Your home office should be the main place where you conduct business, although business activities outside the home are acceptable.
Separate Structure: If the office is in a separate structure not attached to your house, it must be used exclusively and regularly for business.
Calculation Methods: Choose between the simplified method (a standard rate per square foot) or the regular method (based on actual expenses).
Documentation: Keep records and receipts to prove your expenses in case of an IRS audit.
This calculator has been prepared for informational purposes only, and is not intended to provide, and should not be relied on, for tax, legal, or accounting advice. It's best to consult with a CPA or tax professional for advice specific to your business.
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