![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZeFiODKxIRPlsH_OwQ3zjvt3EyHfgOaHU_aNIXPM9JcIUIMkJR61hjFBGmeYCPGlQaQ0zvcBimrBHaJ-AB6Jd7rD7agFK42hRrxBgVRMWZerqwdFmOMpkikjgm99RLHTS-0g/s400/img_home_office.jpg)
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.
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