Note: Updated June 17, 2026 for One Beautiful Bill Act changes. The Section 199A deduction phase-out calculations confuse lots of people. They even … [Read more...] about Section 199A Deduction Phase-out Calculations
Section 199A
S Corporation Shareholder Salaries and Section 199A Deduction
Starting in 2018, S corporations face a new complexity when setting shareholder-employee salaries. While setting a low salary saves payroll taxes, … [Read more...] about S Corporation Shareholder Salaries and Section 199A Deduction
Pass-through Income Deduction: Top 12 Things Every Business Must Know
Late in 2017, Congress passed the Tax Cuts and Jobs Act of 2017, an enormous, complicated 500-page chunk of tax law. Among other things, the new law … [Read more...] about Pass-through Income Deduction: Top 12 Things Every Business Must Know