Home Office Deduction Simplification 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.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3615 Introduced in House (IH)]
111th CONGRESS
1st Session
H. R. 3615
To amend the Internal Revenue Code of 1986 to provide a standard home
office deduction.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 22, 2009
Mr. Schrader (for himself, Mr. Nunes, Mr. Kind, Mr. Buchanan, Mrs.
Blackburn, Mr. Bright, Mrs. Kirkpatrick of Arizona, Mrs. Halvorson, Mr.
Manzullo, Mrs. McMorris Rodgers, Mr. Schauer, Mr. Westmoreland, Mr.
Boozman, Mr. Carney, Mr. Hall of New York, Mr. Himes, Ms. Kosmas, Ms.
Markey of Colorado, Mr. Paul, Mr. Schock, Mr. Minnick, Mr. Perriello,
and Mr. Nye) introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide a standard home
office deduction.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Home Office Deduction Simplification
Act''.
SEC. 2. STANDARD DEDUCTION FOR BUSINESS USE OF HOME.
(a) In General.--Subsection (c) of section 280A of the Internal
Revenue Code of 1986 (relating to disallowance of certain expenses in
connection with business use of home, rental of vacation homes, etc.)
is amended by adding at the end the following new paragraph:
``(7) Standard home office deduction.--
``(A) In general.--In the case of an individual
that is allowed a deduction for the use of a home
office because of a use described in paragraphs (1),
(2), or (4) of this subsection, notwithstanding the
limitations of paragraph (5), if such individual elects
the application of this paragraph for the taxable year,
such individual shall be allowed a deduction equal to
the standard home office deduction for the taxable year
in lieu of the deductions otherwise allowable under
this chapter for such taxable year by reason of being
attributed to such use.
``(B) Standard home office deduction amount.--For
purposes of this paragraph, the standard home office
deduction is the lesser of--
``(i) $1,500, or
``(ii) the gross income derived from the
individual's trade or business for which such
use occurs.
``(C) Inflation adjustment.--In the case of any
taxable year beginning in a calendar year after 2010,
the dollar amount in subparagraph (B)(i) shall be
increased by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment
determined under section 1(f)(3) for the
calendar year in which the taxable year begins,
determined by substituting `2009' for `1992' in
subparagraph (B) thereof.
Any increase determined under the preceding sentence
shall be rounded to the nearest multiple of $100.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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