U.S. Congress - S.3371 Home Office Tax Deduction Simplification and Improvement Act of 2008
S.3371 - Home Office Tax Deduction Simplification and Improvement Act of 2008
A bill to amend the Internal Revenue Code of 1986 to simplify the deduction for use of a portion of a residence as a home office by providing an optional standard home office deduction. view all titles (2)
All Bill Titles
- Short: Home Office Tax Deduction Simplification and Improvement Act of 2008 as introduced.
- Official: A bill to amend the Internal Revenue Code of 1986 to simplify the deduction for use of a portion of a residence as a home office by providing an optional standard home office deduction. as introduced.
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Official Summary
7/31/2008--Introduced.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 theOfficial Summary
7/31/2008--Introduced.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.
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S.3371: TRICARE Mental Health Care Access Act - U.S. Congress ...
S.3371 : TRICARE Mental Health Care Access Act. A bill to amend title 10, United States Code, to improve access to mental health care counselors under the TRICARE program, and for other purposes. Sponsor: Sen McCaskill, Claire [MO. .... OpenCongress is a f
Montana Business
It is companion legislation to S. 3371, introduced earlier this year by Senator Olympia Snowe (R-ME). Simplification of the home office deduction was one of the. 2008 Top 10 nominations. The Office of Advocacy of the U.S. Small Business ...
Regulatory Burdens on Small Firms: What Rules Need Reforms ...
It is companion legislation to S. 3371, introduced earlier this year by Senator Olympia Snowe (R-ME). Simplification of the home office deduction was one of the 2008 Top 10 nominations. Early next year, the SBA will present the ...
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