Washington, DC - June 11, 2010 - (RealEstateRama) -- Congressman Mark Schauer (D-MI) announced his support of the Home Office Deduction Simplification Act, a bill to streamline taxes for small business owners who utilize a home office. This legislation would help Michigan’s 648,426 self-employed business owners save an additional $1,500 on their taxes next year and significantly minimize the paperwork and time spent on tax preparation. It would also require that the amount of the standard deduction be indexed for inflation.
WASHINGTON, DC - November 5, 2009 - (RealEstateRama) -- Today Congressman Mark Schauer (D-MI) voted to stimulate the local economy and provide stability to Michigan families hit hardest by the recession by extending unemployment benefits, the homebuyers’ tax credit, and tax relief for military families and businesses. The Emergency Unemployment Compensation Extension Act (HR 3548) will provide immediate assistance, extending relief to the 62,753 Michigan workers whose benefits would otherwise run out by the end of the year.
WASHINGTON, DC - October 9, 2009 - (RealEstateRama) -- Congressman Mark Schauer voted to pass two key measures for our American veterans. The Service Members Home Ownership Tax Act (H.R. 3590), which passed with bipartisan support today, will extend the deadline for taking advantage of the first-time homebuyer tax credit under the American Recovery and Reinvestment Act for qualified service members by one year.