14 Million Taxpayers Have Claimed the 2018 Small Business Tax Deduction
The Tax Cuts and Jobs Act included a new 20% small business tax deduction for owners.
The Tax Cuts and Jobs Act included a new 20% small business tax deduction for owners.
This side-by-side comparison chart could help you see if the new tax law will mean cuts when you file your return in 2019.
Eligible taxpayers can claim the deduction for the first time on the 2018 federal income tax return they file in 2019.
NFIB’s 45-year old small business optimism index hit a record high in August.
A Guide (with links) to IRS information and resources regarding the new tax law.