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To amend the Internal Revenue Code of 1986 to provide a standard home office deduction.

USA115th CongressHR-836| House 
| Updated: 2/2/2017
Michelle Lujan Grisham

Michelle Lujan Grisham

Democratic Representative

New Mexico

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Helping Our Middle-Class Entrepreneurs Act or the HOME Act This bill 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. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.
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Timeline
Feb 2, 2017

Latest Companion Bill Action

S 115-290
Introduced in Senate
Feb 2, 2017
Introduced in House
Feb 2, 2017
Referred to the House Committee on Ways and Means.
  • February 2, 2017

    Latest Companion Bill Action

    S 115-290
    Introduced in Senate


  • February 2, 2017
    Introduced in House


  • February 2, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 115-290: A bill to amend the Internal Revenue Code of 1986 to provide a standard home office deduction.
Business investment and capitalHousing finance and home ownershipIncome tax deductionsInflation and prices

To amend the Internal Revenue Code of 1986 to provide a standard home office deduction.

USA115th CongressHR-836| House 
| Updated: 2/2/2017
Helping Our Middle-Class Entrepreneurs Act or the HOME Act This bill 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. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 2, 2017

Latest Companion Bill Action

S 115-290
Introduced in Senate
Feb 2, 2017
Introduced in House
Feb 2, 2017
Referred to the House Committee on Ways and Means.
  • February 2, 2017

    Latest Companion Bill Action

    S 115-290
    Introduced in Senate


  • February 2, 2017
    Introduced in House


  • February 2, 2017
    Referred to the House Committee on Ways and Means.
Michelle Lujan Grisham

Michelle Lujan Grisham

Democratic Representative

New Mexico

Ways and Means Committee

Taxation

Related Bills

  • S 115-290: A bill to amend the Internal Revenue Code of 1986 to provide a standard home office deduction.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalHousing finance and home ownershipIncome tax deductionsInflation and prices