Congressional Research Service Issues Insight White Paper on Debate Over Extending the Section 199A Deduction for Qualified Business Income
January 23, 2024
January 23, 2024
WASHINGTON, Jan. 23 -- The Congressional Research Service issued the following Insight white paper (No. IN12226) on Jan. 22, 2024, by public finance analyst Gary Guenther:
Here are excerpts:
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The Debate over Extending the Section 199A Deduction for Qualified Business Income
The 2017 tax law (P.L. 115-97, commonly known as the Tax Cuts and Jobs Act or TCJA) made significant changes to the taxation of business income. For C corporations, the . . .
Here are excerpts:
* * *
The Debate over Extending the Section 199A Deduction for Qualified Business Income
The 2017 tax law (P.L. 115-97, commonly known as the Tax Cuts and Jobs Act or TCJA) made significant changes to the taxation of business income. For C corporations, the . . .