Posted tagged ‘20% Deduction’

Video: Pass Through Deductions and Other Tax Cuts and Jobs Act Subjects

April 29, 2018

On April 28, 2018, we posted to YouTube our video entitled “Pass Through Deductions and Other Tax Cuts and Jobs Act Subjects”.

Part I describes how the Tax Cuts and Jobs Act changes the most widely used income tax deductions related to state and local taxes, mortgage interest deductions and personal exemptions.  It also covers how the increased standard deduction and lower rates may make up for lost deductions.

Part II explains the income tax deduction available under Internal Revenue Code Section 199A for individuals who receive “pass through income” (aka trades or businesses that generate self-employment income”).

We hope these videos are helpful.  Please let us know if you have any questions.

Posted by Richard S. Land on April 29, 2018

Chipman Mazzucco
Attorneys at Law


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