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S.1260 - Helping Our Middle-Class Entrepreneurs Act

A bill to amend the Internal Revenue Code of 1986 to provide a standard home office deduction. view all titles (3)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to provide a standard home office deduction. as introduced.
  • Short: Helping Our Middle-Class Entrepreneurs Act as introduced.
  • Short: HOME Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/27/13
 
 
 
 
 
 
 

Official Summary

Helping Our Middle-Class Entrepreneurs Act or the HOME Act - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the

Official Summary

Helping Our Middle-Class Entrepreneurs Act or the HOME Act - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence.

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