Tax Reform and Section 199A: Understanding the 20% Pass-Through Deduction
Congress has passed the largest and most comprehensive tax reform legislation in the past 30 years. Businesses and individuals alike are trying to figure out the tax implications and what this means for them in their current situation and moving forward.
Many are asking for the basics:
- What’s included in tax reform?
- What can I do now to save money?
- What deductions are available?
- What strategies do I need to consider?
- What am I not considering, that I should be?