How the New QBI Deduction-Reduction Ruins Pretax Retirement Plans for Small Business Owners
Feb 14, 2019
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By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
The final regulations recently released for the QBI deduction mean business owners may do better making after-tax retirement contributions. But the ripple effects of the complex Section 199A deduction mean it’s time to take a fresh look at every element of a business owner’s overall tax plan, including which retirement plans will provide maximum benefit in the future.