H.R.3056 - Home Office Tax Deduction Simplification and Improvement Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Gonzalez, Charles A. [D-TX-20] (Introduced 06/25/2009)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 06/25/2009 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.3056 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (06/25/2009)
Home Office Tax Deduction Simplification and Improvement Act of 2009 - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business to elect a standard tax deduction equal to the product of a standard rate determined by the Secretary of the Treasury and the square footage of the portion of a residence used to conduct a trade or business (home office tax deduction). Modifies the rules for the home office tax deduction to: (1) allow a deduction for the cost of dealing with patients, clients, or customers even if they are not physically present in the home office; and (2) establish a de minimis exemption for personal use of a home office.
Requires the Secretary to ensure that all self-employment tax forms and schedules separately state amounts attributable to real estate taxes, mortgage interest, and depreciation for purposes of the home office tax deduction.