The 20% Qualified Business Income Deduction

By |2021-09-13T18:25:10-05:00September 13th, 2021|Advocacy, Featured|0 Comments

Here’s AAPL’s position on IRS code, section 199A. The Tax Cuts and Jobs Act enacted Section 199A of the Internal Revenue Code in 2017. This legislation created a 20% tax deduction for qualified business income for pass-through companies (e.g., limited liability companies, subchapter S corporations, and limited partnerships). It also authorized a 20% deduction for [...]