Corporate Top Tax Rate Drops from 35% to 21%

07/08/18 10:17 AM

Pass through business including partnerships, limited liability companies, S-corporations and sole proprietorship who don’t pay corporate taxes or dividends and income is taxed on the personal income tax return can claim a 20% deduction if their taxable income is less than $315,000 for married taxpayers and $157,500 for single filers.

Leave a Reply