{"id":3549,"date":"2021-01-19T14:47:04","date_gmt":"2021-01-19T19:47:04","guid":{"rendered":"https:\/\/falconexpenses.com\/blog\/?p=3549"},"modified":"2022-02-01T10:12:17","modified_gmt":"2022-02-01T15:12:17","slug":"regular-method-home-office-deduction","status":"publish","type":"post","link":"https:\/\/falconexpenses.com\/blog\/regular-method-home-office-deduction\/","title":{"rendered":"What is the IRS Regular Method Home Office Deduction?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dd2a619c905\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dd2a619c905\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/falconexpenses.com\/blog\/regular-method-home-office-deduction\/#What_is_the_Home_Office_Deduction\" >What is the Home Office Deduction?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/falconexpenses.com\/blog\/regular-method-home-office-deduction\/#What_is_the_Regular_Method_Home_Office_Deduction\" >What is the Regular Method Home Office Deduction?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/falconexpenses.com\/blog\/regular-method-home-office-deduction\/#How_Do_I_Calculate_My_Home_Office_Tax_Deduction_Using_the_Regular_Method\" >How Do I Calculate My Home Office Tax Deduction Using the Regular Method?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/falconexpenses.com\/blog\/regular-method-home-office-deduction\/#About_Falcon_Expenses\" >About Falcon Expenses<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<h1 class=\"wp-block-heading\" id=\"this-article-is-about-how-to-use-the-regular-method-home-office-deduction-for-self-employed-that-work-from-home\">This article is about how to use the Regular Method home office deduction for self employed that work from home.<\/h1>\n\n\n\n<figure class=\"wp-block-image alignwide size-full\"><a href=\"https:\/\/falconexpenses.com\/blog\/wp-content\/uploads\/2021\/10\/what-is-the-irs-regular-method-home-office-deduction.png\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"315\" src=\"https:\/\/falconexpenses.com\/blog\/wp-content\/uploads\/2021\/10\/what-is-the-irs-regular-method-home-office-deduction.png\" alt=\"What is the IRS Regular Method Home Office Deduction?\" class=\"wp-image-4107\" srcset=\"https:\/\/falconexpenses.com\/blog\/wp-content\/uploads\/2021\/10\/what-is-the-irs-regular-method-home-office-deduction.png 560w, https:\/\/falconexpenses.com\/blog\/wp-content\/uploads\/2021\/10\/what-is-the-irs-regular-method-home-office-deduction-300x169.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/a><figcaption>Read this article to learn about the regular method home office deduction and whether or not it will maximize your take-home income.<\/figcaption><\/figure>\n\n\n\n<p>As someone who is self-employed, you&#8217;re likely always on a search for ways to maximize your take-home income. This often means maximizing your tax deductions. In regards to the home office deduction, when you work from home you can deduct part of your rent or mortgage. The IRS regular method for the home office deduction is one way to do that. Read on to learn more.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-the-home-office-deduction\"><span class=\"ez-toc-section\" id=\"What_is_the_Home_Office_Deduction\"><\/span>What is the Home Office Deduction?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The home office tax deduction is a deduction that allows self-employed who work from home to deduct home office expenses. Home office expenses include rent (or mortgage), utilities, and other expenses related to the use of your home for work.<\/p>\n\n\n\n<p>This article is about the Regular Home office deduction method for calculating your home office tax deduction amount.<\/p>\n\n\n\n<p><strong>Not familiar with the home office deduction? <\/strong><br>Check out the following article for complete details about the home office deduction, such as how you qualify and other calculation methods available, <a href=\"https:\/\/falconexpenses.com\/blog\/self-employed-home-office-tax-deduction\/\">Home Office Tax Deduction for Self Employed<\/a>. Click in the tax in blue to open the article.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-the-regular-method-home-office-deduction\"><span class=\"ez-toc-section\" id=\"What_is_the_Regular_Method_Home_Office_Deduction\"><\/span>What is the Regular Method Home Office Deduction?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The regular method home office deduction is a method defined by the IRS for individual taxpayers to use to calculate the amount of their home office tax deduction. This method involves calculating each home office expense individually. After, you add each individual expense amount together to get the total home office deduction amount. Home office expenses include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>rent or mortgage<\/li><li>mortgage interest<\/li><li>insurance<\/li><li>utilities<\/li><li>repairs<\/li><li>depreciation<\/li><li>any other expenses incurred during the use of your home office<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-do-i-calculate-my-home-office-tax-deduction-using-the-regular-method\"><span class=\"ez-toc-section\" id=\"How_Do_I_Calculate_My_Home_Office_Tax_Deduction_Using_the_Regular_Method\"><\/span>How Do I Calculate My Home Office Tax Deduction Using the Regular Method?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To calculate the amount of each expense item you use the percentage space of your used for your home office. For example, if 20 percent of your home is dedicated to your home office and the total amount of your utility expenses are $2000 dollars for the tax year. After these calculations, the amount of your utility portion of your home office expense would be calculated as follows:<\/p>\n\n\n\n<p>$1000 x 0.20 = $400 Home Office Expense (i.e. Home Office Tax Deduction)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"about-falcon-expenses\"><span class=\"ez-toc-section\" id=\"About_Falcon_Expenses\"><\/span>About Falcon Expenses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Falcon Expenses is a top-rated expense and <a href=\"https:\/\/falconexpenses.com\/blog\/how-to-use-falcon-expenses-gps-mileage-expense-tracker\/\">mileage tracker app<\/a> for self-employed and small businesses to track expenses and tax deductions. <strong><em>Falcon customers record $6,600, on average, in annual tax deductions. Get started today. <\/em><\/strong>The longer you wait, the more tax deductions you miss.<\/p>\n\n\n\n<p>Automatically track mileage expenses and expenses, keep an <a href=\"https:\/\/falconexpenses.com\/blog\/how-to-keep-an-odometer-log-of-business-mileage\/\">odometer log<\/a>, <a href=\"https:\/\/falconexpenses.com\/blog\/business-expense-receipt-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">receipt vault<\/a> and log billable hours. Quickly organize expenses by time period, project, or client. Easily <a href=\"https:\/\/falconexpenses.com\/blog\/how-to-create-an-expense-report\/\">create expense reports<\/a> and <a href=\"https:\/\/falconexpenses.com\/blog\/mileage-expense-log-requirements\/\">mileage logs<\/a> with your expense data to email to anyone in PDF or spreadsheet formats, all from your phone. Falcon&#8217;s expense report template is IRS compliant. Use for keeping track of tax deductions, reimbursements, taxes, record keeping, and more. Falcon Expenses is great for self-employed, delivery drivers, freelancers, realtors, couriers, business travelers, truckers, and more.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>This article is about how to use the Regular Method home office deduction for self employed that work from home.&#46;&#46;&#46;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":4107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,1974],"tags":[1959,2170,29],"class_list":["post-3549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-taxes","category-self-employed","tag-home-office","tag-home-office-tax-deduction","tag-self-employed"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/posts\/3549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/comments?post=3549"}],"version-history":[{"count":0,"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/posts\/3549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/media\/4107"}],"wp:attachment":[{"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/media?parent=3549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/categories?post=3549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/falconexpenses.com\/blog\/wp-json\/wp\/v2\/tags?post=3549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}