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United States · Bill · S

S. 766 (97th)

A bill to amend the Internal Revenue Code to clarify when the costs of maintaining an office at home may be deducted.

openUnited States· United States Congress· EN

Introduced

23 March 1981

Last action

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to provide a tax deduction for expenses in connection with the business use of a home to the extent that such expenses are allocable to a portion of the dwelling unit which is exclusively used by the taxpayer as a place of business and: (1) is the principal place of trade or business of the taxpayer; (2) is used by patients, clients or customers; or (3) is a separate structure not attached to the dwelling unit.

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Documents

1 official file

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Sources

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