Bill Encourages Telecommuting in USA
We all know that there are societal benefits to telecommuting: less pollution, less time wasted in traffic, more flexibility, etc. Some countries, like Japan, have offered tax incentives to employers who institute telework programs for a while now, but a bill recently introduced into the US Congress may give Americans the same opportunity.
The bill, introduced by Senator Sam Brownback (R-KS) and Representative Lee Terry (R-NE), is called the Parents’ Tax Relief Act of 2007. There are a few interesting parts, including a vastly simplified home office deduction ($2500 or the profit from your home-based business, whichever is lower), and a telecommuting tax credit for employers of up to $2400 per telecommuter. In addition, employers that provide computers and broadband access equipment can write it off, making such equipment tax-free. The bill hasn't passed yet, but there are high hopes.