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Jennifer Lyon, Author at Delap CPA


18 Dec

199A: Passthrough Deduction Provides Ample Opportunity for Tax Planning

December 18, 2018 | By | No Comments

One of the more publicized changes under The Tax Cuts and Jobs Act (TCJA) is the Section 199A deduction – commonly known as the Qualified Business Income Deduction.  This deduction was designed to keep the tax rate on passthrough entity income competitive with the new lower corporate tax rate of 21% by providing a deduction […]

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