Does this new 2019 Section 199A calculator make the Section 199A calculation easy?
And this is most certainly true when your taxable income is above the thresholds, whether in the phase-in, phase-out zones or above them. In this situation, you don’t want to make the calculations by hand or with tax preparation software.
The calculator saves 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 four months to create some hope for the deduction?
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