By putting in perspective again what it would mean, what a home office deduction could mean, using the scenario I mentioned, having the ability to take that home office deduction and saving the expense of child care, we are literally talking, for even a family or an individual with one child, several hundred dollars a month, conceivably maybe even more than that, with the potential savings from not having to place a child in day care and getting the home office deduction, it could really make a tremendous difference in someone's ability to start a business and continue over the first year or so when it is so critical for so many businesses that are really on the edge of collapsing.
Chris Pappas: “By putting in perspective again what it would mean, what a home office deduction could mean, using the scenario I…”
On the recordJune 3, 1997
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govinfo.govEditor's note · Context
Discussing the impact of home office deductions on small businesses and families.
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