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Home Atone

What you really need to know.

This story appears in the December 1998 issue of

It was a battle well-fought and deservedly won. Starting in January 1999, the coveted home office deduction in the Taxpayer Relief Act of 1997 will be reinstated for home office owners who conduct much of their business in the field and reserve their offices for administrative duties.

"This tax break supports an entrepreneur's decision to be closer to family or to cut down on office expenses by running his or her business from home," explains Rep. Jim Talent (R-MO), chair of the House Small Business Committee. "It's a big step toward leveling the playing field for these entrepreneurs."

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