H.R. 1561 · 111th Congress
To amend the Internal Revenue Code of 1986 to provide a standard deduction for the business use of a home.
- Stage
- In committee
- Sponsor
- Jeff Fortenberry
- Introduced
- 2009-03-17
- Latest action
- 2009-03-17 · Introduced in House
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 $2,500 or the taxpayer's gross trade or business income derived from the business use of such residence.