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Section 199A

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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