Edward Posted January 2, 2009 Report Posted January 2, 2009 I note that Form 8829 (OIH) is still in DRAFT form. Could it be that H.R. 6214 (Home Office Deduction Simplification Act of 2008) may be implemented for Tax Year 2008? The bill proposes a "Standard Home Office Deduction" which would become "The LESSER of $1500, or GROSS Income derived from the individuals trade or business."? Quote
TAXBILLY Posted January 2, 2009 Report Posted January 2, 2009 I doubt it would be retroactive to 2008 if and when it gets taken up by the new Congress although I've been wrong before. taxbilly Quote
mcb39 Posted January 2, 2009 Report Posted January 2, 2009 I note that Form 8829 (OIH) is still in DRAFT form. Could it be that H.R. 6214 (Home Office Deduction Simplification Act of 2008) may be implemented for Tax Year 2008? The bill proposes a "Standard Home Office Deduction" which would become "The LESSER of $1500, or GROSS Income derived from the individuals trade or business."? Several of the forms are still in DRAFT form. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.