Self-employed workers can deduct home office expenses if the space is used regularly and exclusively for business.
What this calculator does
Simplified method: $5 per square foot, max 300 sq ft =
,500 max deduction.
How it works
Regular method: prorate actual home expenses by office percentage — can yield a larger deduction.
When to use this calculator
This tool is most useful when you need a result you can trust without double-checking. It applies the correct formula automatically and handles edge cases that trip up manual calculation.
Common mistakes
Many errors with practical calculators arise from not reading the result in context. A number without units, without scale, or without comparison against a reference range is hard to interpret correctly.
Real-world scenarios
A student planning their revision schedule uses the calculator to distribute a fixed number of study hours across multiple subjects based on weighting, ensuring the time allocation matches the importance of each topic in the final assessment.
Frequently asked questions
Can I deduct my home office?
Yes, if you're self-employed and use the space regularly and exclusively for business. W-2 employees cannot.