HR 1561 · 111th Congress · Taxation
To amend the Internal Revenue Code of 1986 to provide a standard deduction for the business use of a home.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2009-03-17)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only