Congressional Research Service Issues In Focus White Paper on Section 199A Deduction for Pass-Through Business Income
March 29, 2024
March 29, 2024
WASHINGTON, March 29 -- The Congressional Research Service issued the following In Focus white paper (No. IF11122) on March 21, 2024, by public finance analyst Gary Guenther:
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Section 199A Deduction for Pass-Through Business Income: An Overview
The 2017 tax revision (P.L. 115-97, also known as the Tax Cuts and Jobs Act or TCJA) created a temporary deduction for qualified pass-through business income (QBI) under Section 199A of the federal tax code. The . . .
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Section 199A Deduction for Pass-Through Business Income: An Overview
The 2017 tax revision (P.L. 115-97, also known as the Tax Cuts and Jobs Act or TCJA) created a temporary deduction for qualified pass-through business income (QBI) under Section 199A of the federal tax code. The . . .