New rules for small businesses, pass-throughs – Part 2
The new tax law means major changes to the rules for small businesses and pass-through entities. Today, I will give examples of the change. If you missed our intro to this topic, just click here. Example #1 – Taxable income less than $315,000 married filing joint (MFJ) Taxable Income: 300,000 QBI: 200,000 W-2 Wages from …