What is the pass-through tax deduction?

Published: Jan. 29, 2020, 6 p.m.

Qualified individuals get as much as a 20% deduction from their income from pass-through entities such as LLCs and partnerships.

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There are income limitations and complex ways of determining the deductible amount for taxpayers.

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Examples of pass-through entities include:

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LLCs,

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S-corporations,

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partnerships, and

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sole proprietorships.

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www.fender-tax.com

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