legislation: 110-hr-7074
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
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| 110-hr-7074 | 110 | hr | 7074 | Home Office Tax Deduction Simplification and Improvement Act of 2008 | Taxation | 2008-09-25 | 2008-09-25 | Referred to the House Committee on Ways and Means. | House | Rep. Gonzalez, Charles A. [D-TX-20] | TX | D | G000544 | 0 | Home Office Tax Deduction Simplification and Improvement Act of 2008 - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business to elect a standard tax deduction equal to the product of a standard rate determined by the Secretary of the Treasury and the square footage of the portion of a residence used to conduct a trade or business (home office tax deduction). Modifies the rules for the home office tax deduction to: (1) allow a deduction for the cost of dealing with patients, clients, or customers even if they are not physically present in the home office; and (2) establish a de minimis exemption for personal use of a home office.Requires the Secretary to ensure that all self-employment tax forms and schedules separately state amounts attributable to real estate taxes, mortgage interest, and depreciation for purposes of the home office tax deduction. | 2018-11-08T23:37:59Z |