Archive for the 'Taxes' Category

Corporate Top Tax Rate Drops from 35% to 21%

Aug. 7th 2018

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.

Posted by mpression | in Taxes | No Comments »