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.

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