It is important to remember that you are only allowed to claim a housing allowance of the lesser of:

  • the amount actually used to provide or rent a home;
  • the fair market rental value of the home (including furnishings, utilities, garage, etc.);
  • the amount officially designated (in advance of payment) as a housing allowance; or
  • an amount which represents reasonable pay for your services.


The above calculator provides you with an estimate of your annual housing expenses, but if the fair market rental value of your home is lower, then you can only claim that amount. Read about how to calculate the fair market rental value of your home here.