New Jersey S2717 provides a gross income tax deduction for home office expenses incurred during the COVID-19 pandemic.
New Jersey S2717 provides a gross income tax deduction for home office expenses incurred during the COVID-19 pandemic. Eligible taxpayers include those who are self-employed, independent contractors, or employees. The deduction applies to expenses such as unreimbursed supplies and equipment necessary for operating a home office. The bill defines a "principal place of business" as a part of a home used primarily for conducting business due to the lack of a readily available fixed location.
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