Rules for Deducting Qualified Pass-Through Business Income
Mar 26, 2018
/
By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
The Tax Cuts and Jobs Act of 2017 introduced the Qualified Business Income deduction, which permits pass-through businesses to be taxed on only 80% of their income. But of course, there are exceptions and nuances to the rules that may affect you and your clients.