Tax Deductions Guide 2021
inDinero
NOVEMBER 15, 2021
Under the Tax Cuts and Job Act, pass-through businesses with qualifying incomes can deduct 20% of their income. You’ll also need to account for the costs of shipping, transportation, and storage fees. They may be sole proprietors, partnerships, LLCs, LLPs, or S corporations. What’s Happening With Business Meals?
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