Home Office Deduction Calculator
calculate_home_officeCalculate home office business deductions for self-employed or corporate filers. Provide home and office square footage plus annual expenses (rent, utilities, insurance) to determine deductible amount.
Instructions
Calculate the business deduction for using a home office. Covers both self-employed and corporate scenarios.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| annual_rent | No | Annual rent paid (if renting) ($) | |
| office_sqft | Yes | Office/workspace square footage | |
| annual_internet | No | Annual internet cost ($) | |
| total_home_sqft | Yes | Total home square footage | |
| annual_insurance | No | Annual home insurance ($) | |
| annual_utilities | No | Annual utilities — heat, electricity, water ($) | |
| annual_maintenance | No | Annual maintenance and repairs ($) | |
| annual_property_tax | No | Annual property taxes ($) | |
| annual_mortgage_interest | No | Annual mortgage interest (not principal) ($) | |
| is_corporation_paying_rent | No | Is a corporation paying rent to the shareholder for the space? | |
| is_principal_place_of_business | No | Is the home office the principal place of business? |