Tax Cuts & Jobs Act of 2018 - Pass-Through Deduction
Does Section 199A (Pass-Through Deduction) of the Tax Cuts and Jobs Act Benefit You?
The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and contains a brand new provision: Section 199A or better known as the Pass-Through Deduction.
If you are a ....
- Sole Proprietorship
- "S" Corporation
- "C" Corporation
- Owner of Income Property
You may be eligible to deduct up to 20% of the income earned by the business or income property. The IRS is in the process of finalizing the regulation, so at this time we can only keep a hopeful eye on the release of information from the IRS. However, the professional staff at EG Tax has been watching the flow of information from the IRS closely and is attending educational seminars and forums to better understand Section 199A. We are in the perfect position to help you prepare for the 2018 business tax filing season. Now is the time to make your appointment to discuss all the new regulation can do for your business or income property. Click on the link below to set up your appointment today!!