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Archives for May 2018

How Vermont Business Owners Can Begin Planning NOW for the New Federal “Pass Through Entity Income Tax Deduction” under Section 199A

May 7, 2018 By McCann Morgan & Getty Leave a Comment

By:  Ron Morgan Effective for tax years from 2018 through 2025, new Internal Revenue Code Section 199A generally provides for a deduction of 20% of “qualified business income” received from sole proprietorships or so-called “pass through” entities (partnerships, limited liability companies, and S corporations).  The deduction does not apply to W-2 income that you receive […]

Filed Under: Tax Tagged With: Entity Selection, Section 199A, Tax

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