2018 Deduction for Pass Through Entities for Small Business Owners
2018 Deduction for Pass Through Entities for Small Business Owners
In President Trumps most recent tax law changes there is a 20% deduction for Pass Through Entities for Small Business Owners. Be sure in addition to the tax rate deductions available to all personal returns your CPA considers this in your 2018 tax planning.
The change was added by Congress to “bridge the gap” between the reduction in the greatly reduced corporate rates and the marginally reduced personal rates for America’s Small Business Owners.
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