Standard Home Office Deduction

SUMMARY

This idea brief proposes the creation of a new, standard home office deduction to make the existing deduction more user friendly and beneficial for home business owners.

America’s small businesses are engines of economic growth and job creation. The tax code should be designed to help these businesses succeed, but the existing home office deduction is so complicated and confusing that most home business owners don’t make use of it. This idea brief proposes a new, standard home office deduction would simplify the tax code and provide small business owners who work from home with the help they deserve.

To read this Report, open the attached PDF