Washington, DC – June 11, 2010 – (RealEstateRama) — Congressman Mark Schauer (D-MI) announced his support of the Home Office Deduction Simplification Act, a bill to streamline taxes for small business owners who utilize a home office. This legislation would help Michigan’s 648,426 self-employed business owners save an additional $1,500 on their taxes next year and significantly minimize the paperwork and time spent on tax preparation. It would also require that the amount of the standard deduction be indexed for inflation.
More info...
