S.1349 - Home Office Tax Deduction Simplification and Improvement Act of 2009

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

  • 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.
  • Short: Home Office Tax Deduction Simplification and Improvement Act of 2009 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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06/25/09
 
 
 
 
 
 
 

Official Summary

Home Office Tax Deduction Simplification and Improvement Act of 2009 - 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 Treasu

Official Summary

Home Office Tax Deduction Simplification and Improvement Act of 2009 - 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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