As April 18 nears, look closely for telework tax breaks

April 14, 2011 - 0 Comments

As tax day nears and Americans around the country scramble to find any tax breaks they can, here’s a tip for all of you who work from home.  On February 15, Congressman Rob Wittman (VA-1) introduced the Telework Tax Incentive Act (H.R. 710) which will provide eligible taxpayers with an annual tax credit for up to $1,000 of qualified teleworking expenses paid or incurred by the taxpayer that year.

Congressman Wittman’s bill was announced during National Telework Week February 14th-18th which we previously wrote about. The event, organized by National Telework Exchange, was an effort to encourage teleworking in both government and private-sector organizations, and to highlight the key benefits – quality of life, cost saving, and environmental.

This proposed tax credit also comes on the heels of a significant effort by the Federal government to encourage work from home programs. In December, Congress passed the 2010 Telework Enhancement Act requiring agencies to determine telework-eligible employees, establish telework policies and establish programs to communicate these telework policies to their employees. The Act also requires agencies to name an official to oversee their telework program and incorporate telework into continuity of operations planning.

It’s encouraging to see these recent incentives and legislation being introduced and passed that further encourage employers and employees to embrace teleworking. The benefits of telework have long been touted but having the government support the effort with clear incentives will only help drive these programs further.

Do you want to see the Telework Tax Incentive Act (H.R. 710) passed so you can apply it to your taxes next year? Speak up! Contact your Congressperson or Senator and let them know you support the bill.

And of course, don’t forget – with April 18th right around the corner, make sure to look closely as you do your taxes for any tax breaks that could be applied to the telework you did in 2010!

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