Home Office Deduction
Compare Deduction Methods
SIMPLIFIED METHOD
$0
$5 per sqft (up to 300 sqft)
ACTUAL EXPENSES
$0
Based on % of home use
While the home office deduction reduces your taxable profit, you still need to account for the taxes you do owe.
Use the Quarterly Estimated Tax Tool to ensure you are setting aside enough of your earnings to meet your upcoming payment deadlines.