On Tuesday, Sen. Ron Wyden (D-Ore.) introduced a bill to change the 20 percent deduction for pass-through entities under the 2017 Tax Cuts and Jobs Act.
Tag Archive: Section 199A deduction
Last week, Treasury and the IRS released final regulations for the 20 percent passthrough deduction on qualified business income.
The House will vote this week on its trio of Tax Cut 2.0 bills that would that would make permanent several small-business provisions.
Last week, Treasury and the IRS released proposed regulations on the pass-through deduction portion of the Tax Cuts and Jobs Act, including more detailed guidance for these type of businesses.
Last week, the House Ways and Means Committee released its long-awaited Tax Reform 2.0 framework which would update and make permanent certain provisions of the Tax Cuts and Jobs Act.