Wednesday, 8 August 2018

IRS, Treasury issue guidance on pass-through deductions

In a conference call with the Association and other stakeholders, the Internal Revenue Service confirmed Aug. 8 that small businesses with income below $315,000 for joint filers and $157,500 for single filers will be eligible for a 20 percent tax deduction on pass-through income.

from ADA News RSS https://www.ada.org/en/publications/ada-news/2018-archive/august/irs-treasury-issue-guidance-on-pass-through-deductions

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