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United States · Bill · HR

H.R. 6972 (110th)

To amend the Internal Revenue Code of 1986 to provide for a standard home office deduction in the case of certain uses of the office.

referredUnited States· United States Congress· EN

Introduced

18 September 2008

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

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 $2,000 or the taxpayer's gross trade or business income derived from the business use of such residence. Provides for an inflation adjustment to such deduction amount beginning after 2008.

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Documents

3 official files

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Sources

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