Name: Accounting Freedom, Ltd. - Greater Milwaukee Region
Address: 1567 Wisconsin Ave, Grafton, WI, 53024, US
Telephone: +12623752440

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to non-corporate owners of pass-through entities. This is a deduction for a portion of qualified business income (QBI), also known as Section 199a. The deduction generally applies to income from sole proprietorships, partnerships, S corporations and, typically, limited liability companies (LLCs). It … Continue reading “Close-Up on the New QBI Deduction’s Wage Limit”