Posts Tagged ‘Pass-Through Deduction’

There’s a lot of hype about tax reform’s new pass-through deduction that lets taxpayers deduct 20% of the income from entities such as limited liability companies and partnerships, but many people won’t be able to take advantage of it. The new pass-through deduction provision in section 199A of the tax code was meant to allow…

The owners of restaurants, hotels and other franchise and hospitality businesses will soon be more flush thanks to the 20% income deduction provision of the new tax reform law. Congress hopes that will spur creation of new jobs and capital expenditures, especially in the restaurant, hotel and hospitality industry, where the wages typically paid by…