New Tax Credits for Teleworking
TANDBERG
(12/21/09): From TANDBERG Public Sector Marketing/Federal News Radio 1500 AM spot
Here's something else teleworkers can add to their holiday wishlist: a shiny new tax credit.
Rep. Rob Wittman (R-Va.) earlier this month introduced legislation that provide a tax credit of up to $1,000 for teleworkers. According to his press release, the goal of the Telework Tax Incentive Act is "to reduce traffic congestion and increase worker productivity around the Nation."
The tax credit would be given for money spent on teleworking needs "such as furnishings and electronic information equipment." Under the bill, teleworkers would have to "perform services for an employer under a teleworking arrangement" at least 75 days a year.
A study by the National Science Foundation cited in the press release claims teleworking increases productivity by 87%. Similarly, the U.S. Census Bureau reports that 73% of teleworkers say they accomplish more work on telework days than when in the office.
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