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Tag Archives: Small business

3 big tax planning takeaways from Sen. Elizabeth Warren’s 2018 return

One feature of the new Tax Cuts and Jobs Act is a brand-new 20% deduction for qualified business income. The tax break is available to owners of “pass-through” entities, including sole proprietorships, S-corporations and partnerships. It isn’t available to everyone: Entrepreneurs with taxable income under $157,500 if single or $315,000 …

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