--- title: Maximize Your Home Office Tax Deductions description: One of the best tax deductions available to almost all business owners under the US Tax Code is the Home Office Deduction. In this modern economy, who doesn’t work from home? The best part is, you don’t even have to own your home. Business owners who rent are also eligible to benefit from their home… Read More → image: https://www.thecfoassociates.com/hubfs/Blog_Images/Business-Woman-Working-on-Finance_288519746.png --- [Skip to content](https://www.thecfoassociates.com/resources/home-office-tax-deductions#main-content) Close - [Home](https://www.thecfoassociates.com) - [About Us](https://www.thecfoassociates.com/about-us) - Services - [CFO Advisory](https://www.thecfoassociates.com/services/cfo-accounting) - [Tax Advisory](https://www.thecfoassociates.com/services/tax-financial-planning) - [Consulting](https://www.thecfoassociates.com/services/advisory) - [Resources](https://www.thecfoassociates.com/resources) - [Contact](https://www.thecfoassociates.com/contact) [Client Portal](https://thecfoassociates.sharefile.com/Authentication/Login) [Schedule Appointment](https://calendly.com/cfoassociates/strategysession?month=2022-05) [![logo](https://www.thecfoassociates.com/hs-fs/hubfs/(FINAL%20DRAFT)%20cfo_associates_logo.png?width=1000&height=470&name=(FINAL%20DRAFT)%20cfo_associates_logo.png "logo")](https://thecfoassociates.com/) [![CFO Associates Logo](https://www.thecfoassociates.com/hs-fs/hubfs/(FINAL%20DRAFT)%20cfo_associates_logo.png?width=160&height=75&name=(FINAL%20DRAFT)%20cfo_associates_logo.png)](https://thecfoassociates.com/) - [Home](https://www.thecfoassociates.com) - [About Us](https://www.thecfoassociates.com/about-us) - Services - [CFO Advisory](https://www.thecfoassociates.com/services/cfo-accounting) - [Tax Advisory](https://www.thecfoassociates.com/services/tax-financial-planning) - [Consulting](https://www.thecfoassociates.com/services/advisory) - [Resources](https://www.thecfoassociates.com/resources) - [Contact](https://www.thecfoassociates.com/contact) [Client Portal](https://thecfoassociates.sharefile.com/Authentication/Login) [Schedule Appointment](https://calendly.com/cfoassociates/strategysession?month=2022-05) [Rolando Lopez](https://www.thecfoassociates.com/resources/author/rolando-lopez) Oct 26, 2019, 2:15:57 PM 3 min read # Maximize Your Home Office Tax Deductions [Previous](https://www.thecfoassociates.com/resources/real-estate-operating-agreement) [Next](https://www.thecfoassociates.com/resources/employer-payroll-taxes-explained) ![Home Office Expenses](https://www.thecfoassociates.com/hs-fs/hubfs/Imported_Blog_Media/Home-Office-Pic-300x300-1.png?width=300&height=300&name=Home-Office-Pic-300x300-1.png) One of the best tax deductions available to almost all business owners under the US Tax Code is the Home Office Deduction. In this modern economy, who doesn’t work from home? The best part is, you don’t even have to own your home. Business owners who rent are also eligible to benefit from their home offices and work spaces. Only two requirements need to be met to quality for the home office tax benefits, they are: 1. **Regular and exclusive use of your home office or space.** Meaning it must be an area of the house that you have designated as your office when working from home. Additionally, it is sectioned off to conduct your business regularly. Even your garage or a detached building on your property counts!  2. **It must be a principal place of your business.**  You must be able to prove that you use the office or work space to operate your company. Even if you have a separate principal office outside of your house, you will still qualify if you use your home office space regularly like on the weekends or evenings! There are only two methods to calculate your deduction, the **Simplified Method** and the **Actual Expenses Method**. The first step for both methods requires you to calculate the business use percentage of your home office by dividing the square footage of the office space vs the total square footage of your home.  For the **Simplified Method**, all you have to do is multiply the office or work space square footage by $5 for the 2019 Tax Year, up to a maximum of $1,500 can be deducted. So if your office is 300 Sq Ft, then your total deduction is $1,500 and you would be maxed out.  The $1,500 max out of the simplified method is why I myself use the **Actual Expenses Method.** For this method you get to multiply your business use percentage that you calculated by all ACTUAL expenses incurred during the year. The trick is, you must track and account for those expenses and their related bills and payment receipts. The Actual Method number is almost certainly always larger than $1,500. Sadly, many leave tax deductions on the table due to lack of documentation and understanding of what is actually deductible! Below are some expenses available to business owners with home offices: Expenses Available to Deduct: 1. Mortgage Interest 2. Property Insurance 3. Property Taxes 4. Rent 5. HOA Fees 6. Utilities 7. Home Office Furniture & Supplies 8. Home Repairs & Maintenance 1.  Repairs & Maintenance 2. Landscaping 3. Pest Control 9. Depreciation 10. Security System 11. Home Office Furniture & Supplies Are you currently using all of your home office deductions? [**Contact us**](https://thecfoassociates.com/contact/) to review your business deductions.   ![avatar](https://www.thecfoassociates.com/hs-fs/hubfs/roly.png?width=290&name=roly.png) #### [Rolando Lopez](https://www.thecfoassociates.com/resources/author/rolando-lopez) #### COMMENTS ## RELATED ARTICLES ### [Rolando Lopez Oct 6, 2024, 3:50:12 PM 8 min read Use Disaster Losses to Reduce Your Taxes Use disaster loss deductions to ease tax & financial burden Our beautiful Tampa Bay communities and the Southeastern states ... Start Reading](https://www.thecfoassociates.com/resources/understanding-disaster-loss-tax-deduction-for-property) ### [Rolando Lopez Mar 17, 2026, 9:55:34 AM 6 min read No W-9, No Payment: How to Avoid IRS Penalties Why You Should Never Pay Vendors Without having a W-9 on file (And what it Actually Costs You) Most business owners don't think ... 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In this modern economy, who doesn’t work from home? The best part is, you don’t even have to own your home. Business owners who rent are also eligible to benefit from their home… Read More →", "author" : { "@type" : "Person", "name" : "Rolando Lopez" }, "dateModified" : "May 13, 2022 2 PM", "datePublished" : "October 26, 2019 6 PM", "headline" : "Maximize Your Home Office Tax Deductions", "image" : "https://8454255.fs1.hubspotusercontent-na1.net/hubfs/8454255/Blog_Images/Business-Woman-Working-on-Finance_288519746.png", "inLanguage" : "en", "keywords" : "[accounting, taxes, home office, Blog, deductions]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "Maximize Your Home Office Tax Deductions", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://8454255.fs1.hubspotusercontent-na1.net/hubfs/8454255/(FINAL%20DRAFT)%20cfo_associates_logo.png" }, "name" : "CFO Associates LLC" }, "text" : "One of the best tax deductions available to almost all business owners under the US Tax Code is the Home Office Deduction. In this modern economy, who doesn’t work from home? The best part is, you don’t even have to own your home. Business owners who rent are also eligible to benefit from their home offices and work spaces. Only two requirements need to be met to quality for the home office tax benefits, they are: Regular and exclusive use of your home office or space. Meaning it must be an area of the house that you have designated as your office when working from home. Additionally, it is sectioned off to conduct your business regularly. Even your garage or a detached building on your property counts! It must be a principal place of your business. You must be able to prove that you use the office or work space to operate your company. Even if you have a separate principal office outside of your house, you will still qualify if you use your home office space regularly like on the weekends or evenings! There are only two methods to calculate your deduction, the Simplified Method and the Actual Expenses Method. The first step for both methods requires you to calculate the business use percentage of your home office by dividing the square footage of the office space vs the total square footage of your home. For the Simplified Method, all you have to do is multiply the office or work space square footage by $5 for the 2019 Tax Year, up to a maximum of $1,500 can be deducted. So if your office is 300 Sq Ft, then your total deduction is $1,500 and you would be maxed out. The $1,500 max out of the simplified method is why I myself use the Actual Expenses Method. For this method you get to multiply your business use percentage that you calculated by all ACTUAL expenses incurred during the year. The trick is, you must track and account for those expenses and their related bills and payment receipts. The Actual Method number is almost certainly always larger than $1,500. Sadly, many leave tax deductions on the table due to lack of documentation and understanding of what is actually deductible! Below are some expenses available to business owners with home offices: Expenses Available to Deduct: Mortgage Interest Property Insurance Property Taxes Rent HOA Fees Utilities Home Office Furniture & Supplies Home Repairs & Maintenance Repairs & Maintenance Landscaping Pest Control Depreciation Security System Home Office Furniture & Supplies Are you currently using all of your home office deductions? Contact us to review your business deductions.", "url" : "https://www.thecfoassociates.com/resources/home-office-tax-deductions", "wordCount" : "907" } ```