Inc

Can You Take That Huge 20 Percent Deduction for Pass-Throughs? Use This Explainer as Your Guide

Following the passage of the Tax Cuts and Jobs Act, you may be wondering how the new qualified business income (QBI) deduction affects your taxes. There are many variables that can mean a big ...
NJ.com

How can I qualify for that 20 percent deduction for business income?

Q. I have a side business but I've never made myself an LLC or any other business entity. If I want to benefit from the new 20 percent tax deduction, what should I do? And would that income taxed ...
The Hill

GOP sets 23 percent deduction for small businesses to save tax bill

Senate GOP leaders have agreed to boost the deduction for pass-through businesses from 17.4 percent to 23 percent in a bid to save the teetering tax-reform bill. Sen. Ron Johnson (R-Wis.), who nearly ...
CNBC

Tax bill's 'pass-through' rule will aid the wealthy, not workers, critics say

Wealthy business owners stand to gain from a provision in the GOP tax bill that creates a deduction for owners of pass-through businesses, experts say. The provision creates a 20 percent business ...
Inc

Real Estate Investors Expecting the 20 Percent Tax Deduction Under the New Tax Law Might Be Disappointed

More than 30 years ago, the tax law was changed to come down hard on passive investors by limiting the losses they could claim under the passive activity loss (PAL) rules. The Tax Cuts and Jobs Act ...