Plan for your 20 Percent Pass-Through Tax Deduction

By Narender Singh With the 20 percent pass-through deduction, noncorporate taxpayers may deduct up to 20 percent of domestic qualified business income (QBI) from a: Partnership S corporation Sole proprietorship There is a limitation based on wages paid, or on wages paid plus a capital element. The deduction is not allowed for certain service trades […]
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