Affectionately being referred to as the Pass-Through Deduction, the new tax law will allow partnerships, LLCs, S corporations and sole proprietorships (in other words, pass-throughs) to deduct up to 20% of their Qualified Business Income under revised provisions of IRC ยง 199A. How is the Pass-Through Deduction Calculated? The Pass-Through Deduction usually will be whichever… [Read More]