Write Off your ACTUAL Home Office Deduction!
Too many CPAs rely on the simplified method for home office deductions (just $5 per square foot). If your business is profitable, you could be saving WAY more by using actual expenses instead! Use our detailed excel spreadsheet to simply input all your home expenses!
Our spreadsheet already has detailed sections to enter your expenses (mortgage interest/rent, property taxes, internet, utilities, repairs and maintenance, etc.) so all you have to do is input your own. It doesn't get simpler than this!
Detailed Sections for Clarity: Add up expenses like mortgage interest/rent, utilities, repairs, internet, lawn care, etc. in the assigned cells.
Easy-to-follow Directions: Calculate the square footage of your home office and divide it by your total living space.
Find your ACTUAL Deduction: Apply that percentage to your total expenses = Your REAL deduction!