A bill to amend the Internal Revenue Code of 1954 to allow a business deduction under section 162 for certain ordinary and necessary expenses incurred to enable an individual to be gainfully employed.

Allows a business deduction under the Internal Revenue Code for the ordinary and necessary expenses incurred with respect to the maintenance of a household including as one of its members a (1) child under 15 years of age; (2) a dependent who is under 15 years of age or who is incapable of caring for herself; and (3) a spouse of the taxpayer incapable of caring for himself, to enable an individual to be gainfully employed.

Provides for the reduction of such deduction by the amount by which a dependent incapable of caring for himself earns an adjusted gross income in excess of $750 or receives disability payments in excess of $750.