Home Office Tax Deduction
Lawmakers Launch Bipartisan Effort to Simplify Home Office Tax Deduction
Last week, Senators Olympia Snowe (R-ME) and Kent Conrad (D-ND) along with Rep. Charles Gonzalez (D-TX) introduced the Home Office Tax Deduction Simplification and Improvement Act of 2009 as part of a bipartisan, bicameral effort to simplify the home office tax deduction. “More than half of small businesses in the country are based in the home, but the current home office deduction rules are so complicated that many business owners take a pass,” said Senator Conrad. “It is our hope that we can help simplify this part of the tax code, and eventually see this deduction actually become a tool to promote the growth of more small businesses, and. Read More.