What is Section 199 A?In the year 2017, American President Donald Trump signed the 2017 Tax Cuts and Jobs Act, it includes the enactment of Section 199A of the Internal Revenue Code...
It took 30 years before the Congress finally passed an impactful tax reform featuring some serious changes. The goal of the Tax Cuts and Jobs Act (TCJA) is to push economic growth...
A brand new deduction has been established by The Tax Cuts and Jobs Act for pass-through business owners. They will be able to take advantage of up to 20% deduction of their net business...
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...