Claim a share of household costs.
A worked example
Starting figures
- Office area (sq ft)
- 140
- Home area (sq ft)
- 1,800
- Yearly home costs
- $26,000
- Marginal rate
- 24%
What it returns
- Deduction
- $2,022
- Tax saved
- $485
- Business-use share
- 7.8%
- Simplified method
- $700
How to read the results
With the defaults above, deduction works out at $2,022.