Thursday, June 14, 2018

New Law Gives Eligible Pass-Through Businesses a Special Tax Break

Federal income tax rates for C corporations have been reduced to a flat 21%, starting in 2018 under the Tax Cuts and Jobs Act (TCJA). But what about pass-through businesses? Calculating the QBI Deduction: It's All Relative To illustrate how the qualified business income (QBI) deduction works, let's suppose you and your spouse file a joint […]

The post New Law Gives Eligible Pass-Through Businesses a Special Tax Break appeared first on AmeriEstate Legal Plan, Inc..

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