Does this new 2020 Section 199A calculator make the Section 199A calculation easy?
Yes, you can big-picture your Section 199A deduction in seconds.
Use the calculator to take a variety of looks at this great tax deduction. The calculator lets you consider the phase-in and phase-out zones for in-favor and out-of-favor trades and businesses, and you can do this in seconds.
You will find that the calculator saves you time and gives you focus.
As you likely know by now, the Tax Cuts and Jobs Act created a 20 percent tax deduction under new tax code Section 199A.
The question for you: will you reap benefits from this new deduction?
And the second question: if things look bleak as to your qualifying for the 20 percent tax deduction, what can you do in the following eight months to create some hope for the deduction?
This article and the calculator are here to help you realize this tax deduction. ... Log in to view full article.