Bradford Tax Institute
Article Date:
June 2010


Word Count:
645

 

 

Tax-Saving Tip: Use Net Square Footage to Increase Home-Office Deductions


In its “I’m here to help you” publication on the home office, the IRS says, “You can use any reasonable method to determine the business percentage” of your home that you use for business.1

 

The publication then lists two commonly used reasonable methods:

 

1.

Gross square footage. Divide the area (the length multiplied by the width) used for business by the total area of your home.

2.

Number of rooms. If the rooms in your home are all about the same size, you can divide ... Log in to view full article.

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