These small business owners grabbed this new 20% tax break
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A tantalizing 20% tax break for business owners went into effect in 2018 — and more than 15 million taxpayers grabbed it.
The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act.
This new tax break allows owners of “pass-through” entities, including S-corporations, partnerships and sole proprietorships, to deduct up to 20% of…
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