Tax Reform Tax Tip from IRS

“Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships or through partnerships, S corporations, trusts, and estates. ” Please see the link below:

https://www.irs.gov/newsroom/business-owners-can-claim-a-qualified-business-income-deduction

How the Tax Cuts and Jobs Act affects your taxes.

https://www.irs.gov/tax-reform

 


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