NCRA Supports Home Office Deduction Bill
NCRA is supporting legislation introduced by Rep. John M. McHugh (R-N.Y.) that would make it easier for reporters to deduct home office expenses by offering a $1,500 standard deduction to eligible taxpayers. H.R. 6214 would also index the standard deduction for inflation.
We don't expect much to happen as the congressional session winds down and election year politics take precedence. But, introduction of legislation at this time is a positive step because it helps create momentum for introduction in the 111th Congress, which will begin business following the inauguration in January.