The 2017 tax overhaul, among other things, provides for a new business tax break called the pass-through deduction. Unlike the new reduction in the corporate income tax rate that has affected the tax planning of many C corporations, this tax break will affect a different set of entities, including S corporations, limited liability companies, partnerships and even sole proprietors. If you are involved in one of these businesses, you may well benefit from the new deduction discussed here.
My overriding principle is that, “Money Shouldn’t Hurt”, and if I can help just one person have a better experience with investing, then that makes it all worthwhile. -Tom Wright