Section 199A Deduction
March 27, 2018
Why it's important:
- 20% deduction on flow-through income including rental income
- Reduces tax rate on income from top bracket from 37% to 29.6%
It's a major deduction that reduces the tax rate on income for the top bracket of 37% down to 29.6% - major giveaway. That also applies to REIT dividends and a publicly traded partnership income.