Use the calculator below to estimate your Section 199A deduction using the new formula from the Big Beautiful Tax Bill of 2025. Note: More detailed … [Read more...] about Big Beautiful Section 199A Calculator
Search Results for: 199A
The New Big Beautiful Section 199A Deduction
The Big Beautiful Tax Bill, which the U.S. Congress is currently working to pass, changes the popular Section 199A deduction. At this point, whether … [Read more...] about The New Big Beautiful Section 199A Deduction
How to Get Extra Year Section 199A Deductions
Operate your small business or real estate venture as a partnership or S corporation? You can probably get an extra year Section 199A deduction by … [Read more...] about How to Get Extra Year Section 199A Deductions
Section 199A(i) Fiscal Year Change Extends Deduction
A short, technical post: You can possibly use a fiscal year and even a fiscal year change to get one additional year of Section 199A deduction. Even … [Read more...] about Section 199A(i) Fiscal Year Change Extends Deduction
199A Deduction Errors Cost Small Businesses Big Refunds
The Section 199A deduction lets business owners avoid federal income taxes on that last twenty percent of their business income. Which sounds … [Read more...] about 199A Deduction Errors Cost Small Businesses Big Refunds
Physician 199A Deductions Can Work (if You Know Rules)
This week, I talk about physician 199A deductions. More specifically, I talk about how many physicians who own part or all of their medical … [Read more...] about Physician 199A Deductions Can Work (if You Know Rules)
Section 199A Deduction Rookie Mistakes
Taxpayers and their accountants easily make Section 199A mistakes when they first start working with the deduction. We see that a lot in the returns … [Read more...] about Section 199A Deduction Rookie Mistakes
How the IRS Destroyed the Section 199A Deduction for Small Business S Corporations and Partnerships
I’ve got some bad news, unfortunately. The IRS may have destroyed or dramatically reduced your Section 199A deduction. At least if you’re a typical … [Read more...] about How the IRS Destroyed the Section 199A Deduction for Small Business S Corporations and Partnerships
Final Section 199A Regulation Correction: Separate v. Separable
On February 1, 2019, the IRS published a corrected version of their final regulations for Section 199A (available here). The corrections include a … [Read more...] about Final Section 199A Regulation Correction: Separate v. Separable
Section 199A Qualified Business Income Adjustments
The new Section 199A deduction gets complicated for dozens of reasons. But one nearly hidden complexity? The qualified business income adjustments, or … [Read more...] about Section 199A Qualified Business Income Adjustments