Tax Return: Should I claim $400 or $3,000 for Home Office Expenses for Employee?

The choice is yours whether making a claim by using ‘Temporary flat rate method ($400) or ‘Detailed method’! However, if you live in an apartment and pay rent on a monthly basis you have the opportunity to claim more expenses than the house owner.

Here, I am making an example of a family who live in a two bedroom apartment and only one person working from home. The result showed that there is a chance of claiming above $3,000 expenses if you are eligible and lowering your taxable income!