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United States · Bill · S

S. 290 (115th)

HOME Act

referredUnited States· United States Congress· EN

Introduced

2 February 2017

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Helping Our Middle-Class Entrepreneurs Act or the HOME Act This bill 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. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.

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Documents

3 official files

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Sources

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