Understanding the new Sec. 199A business income deduction
https://www.thetaxadviser.com/issues/2018/apr/understanding-sec-199A-business-income-deduction.html
webApr 1, 2018 · With the enactment of legislation known as the Tax Cuts and Jobs Act (the Act) 1 on Dec. 22, 2017, a new provision of the Internal Revenue Code was born: Sec. 199A, which permits owners of sole proprietorships, S corporations, or partnerships to deduct up to 20% of the income earned by the business.
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