See how federal taxes change in different business structures
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Simply change the orange cells below to get your answer! Your browser does not support iframes. Your browser does not support iframes. Note: This only compares 2018 vs 2017 changes in Standard Deductions, Exemptions, & Child Tax Credits. For a more detailed review, please call me.
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Affectionately being referred to as the Pass-Through Deduction, the new tax law will allow partnerships, LLCs, S corporations and sole proprietorships (in other words, pass-throughs) to deduct up to 20% of their Qualified Business Income under revised provisions of IRC § 199A. How is the Pass-Through Deduction Calculated? The Pass-Through Deduction usually will be whichever
How It Works: The New 20% Pass-Through Deduction for Businesses Read More »