The Tax Adviser

Only deductible W-2 wages used in determining Sec. 199A deduction

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.
American Farm Bureau Federation

2025 Tax Cliff: Section 199A Qualified Business Income Deduction

QBI includes the income, minus wage income, deductions, applicable gains and losses, for every eligible pass-through business that a taxpayer operates in the United States or Puerto Rico. This income ...
AOL

Is the Section 199A Dividend Deduction Right for You? Pros and Cons Explained

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Section 199A dividends are distributions from the profits of domestic real estate investment trusts ...
Law

IRS Guidance on Section 199A Deduction

The IRS released guidance on the Section 199A qualified business income deduction on August 8th. Our panel will discuss the IRS guidance and planning opportunities and challenges that it creates. This ...
American Enterprise Institute

House Tax Bill Would Worsen Business Tax Parity

The 2017 Tax Cuts and Jobs Act (TCJA) introduced Section 199A. This provision, scheduled to expire next year, provides owners of “pass-through” businesses a 20 percent deduction for qualified business ...