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Shows & Panels
Telework tax credit introduced
Monday - 3/21/2011, 4:00am EDT
Lost in the relative sturm and drang in Congress over the budget battle and continuing resolutions, a quiet little bill was introduced in the House last month that could make a big difference to your teleworking wallet.
Under the "Telework Tax Incentive Act" (H.R. 710), introduced by Rep. Robert Whitman (R-Va.), teleworkers could qualify for up to $1,000 in a yearly tax credit.
In a news release, Whittman says the bill is part of "a nationwide effort to encourage agencies, organizations, and individuals to telework."
"The telework tax credit aims to break down financial barriers to telework, increase worker productivity, provide for continuity of operations, and reduce traffic congestion through incentivizing a flexible work environment," Wittman said.
"Under the legislation as introduced, those who perform services for an employer under a teleworking arrangement where the employee works at least 75 days per year would be eligible to receive the tax credit. The tax credit would be given for expenses such as furnishings and electronic information equipment which folks need in order to telework."
If it sounds familiar, you may remember a similar bill was introduced in 2009. So far, only Rep. John Sarbanes (D-Md.) has signed on to sponsor this year's effort, but that makes it bipartisan.