Senate Finance Committee Chairman Senator Ron Wyden (D-OR) introduced a bill to make changes to the Section 199A deduction. The key changes are as follows: The proposal does simplify the calculation ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

The House Ways and Means Committee released their income tax proposals on Monday September 13. As part of that guidance was a proposal to limit the Section 199A deduction to $400,000 for single ...

Thanks to the Section 179 deduction, you might not have to wait around to depreciate your business’s assets. Many, or all, of the products featured on this page are from our advertising partners who ...

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