Small Business Deduction Section 199A

Small Business Deduction Section 199A

Today I would like to talk to you about the Section 199A Deduction, otherwise known as the "20% Small Business Deduction" that was created under the Tax Cuts and Jobs Act of 2018. Many of you may have heard that there is a new deduction starting this year, 2018, that will apply to small domestic businesses in the U.S. This is a deduction for small businesses in which potentially up to 20% of their net taxable income is tax-free or is excluded from tax.

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