Question 1

What is the simplified home office deduction?

Accepted Answer

The simplified method lets you deduct $5 per square foot of your home office, up to 300 square feet, for a maximum deduction of $1,500 per year. No need to track individual expenses.

Question 2

Can W-2 employees claim a home office deduction?

Accepted Answer

W-2 employees cannot claim the home office deduction for their employer work. However, if you have a side business or LLC that you run from home, you can deduct home office expenses for that business on Schedule C.

Home Office Costs