A home office deduction worksheet that does the math for you
This home office deduction worksheet helps you figure the part of your home expenses you can deduct, and it keeps the records to back it up. You enter your square footage and expenses, and the worksheet does the rest.
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It’s built for self-employed people and Schedule C business owners who use part of their home regularly and exclusively for business. However, W-2 employees generally can’t claim this deduction.
What the home office deduction worksheet helps you do
- Calculate your business-use percentage
- Log each home expense with a dropdown expense type
- Apply the right treatment to direct and indirect expenses
- See a deductible summary by expense type
What’s included
- Three-step Home Office Worksheet (Excel)
- Plain-English instructions tab, including the “exclusive use” rule
- Expense type list covering mortgage interest, rent, taxes, insurance, utilities, repairs, HOA dues, and more
How it works
First, enter your home’s total square footage and your office space. Next, log each home expense in full as you pay it. Then, let the worksheet apply your business-use percentage. Finally, hand the summary to your preparer at tax time.
Why good home office records matter
The home office deduction has strict rules, so clear records help it hold up. The details are in IRS Publication 587. To track the rest of your business expenses, use our income and expense tracker.
Home office deduction worksheet FAQ
Does it compare the simplified method? The worksheet focuses on the regular method using actual expenses and your business-use percentage. Your preparer can compare that result with the simplified method.
Can renters use it? Yes. Rent is included as an expense type, along with utilities, insurance, and repairs.
Do I need receipts for every expense? Yes. Keep receipts or statements for each expense you log, along with a photo or sketch of the office space, in case the deduction is questioned.
Want help with your deductions? Work with us at LNS Accounting & Business Consultants.
Format: Excel. Instant download. General information only. Not tax advice.