[Verse 1]
Sarah's got a home office where she works each day
Three rooms total in her place, she needs to find a way
To calculate the portion that's for business use
Square footage or room count, which method should she choose?
[Chorus]
Divide and multiply, that's the golden rule
Business space over total space, it's a simple tool
Thirty-three percent if it's one room of three
That's your deduction rate, calculate it carefully
Square feet or room count, either way will do
Find your percentage, then apply it through
[Verse 2]
If your rooms are equal size, the room count method's fine
One office out of four rooms gives you twenty-five
But if the sizes vary, then square footage is the way
Measure your work space, total space, divide and you're okay
[Chorus]
Divide and multiply, that's the golden rule
Business space over total space, it's a simple tool
Thirty-three percent if it's one room of three
That's your deduction rate, calculate it carefully
Square feet or room count, either way will do
Find your percentage, then apply it through
[Bridge]
Now you've got your percentage, what costs can you claim?
Rent or mortgage interest, utilities the same
Property taxes, insurance, internet bills too
Minor repairs and cleaning, they're all there for you
Take your total costs and multiply them out
By your business percentage, that's what it's about
[Verse 3]
Remember mortgage principal doesn't make the list
Only interest payments, don't let that be missed
Keep your records organized, receipts filed away
Your proportionate share will save you tax today
[Chorus]
Divide and multiply, that's the golden rule
Business space over total space, it's a simple tool
Thirty-three percent if it's one room of three
That's your deduction rate, calculate it carefully
Square feet or room count, either way will do
Find your percentage, then apply it through
[Outro]
From your home office space to the deduction you claim
Calculate the percentage, play the tax-saving game