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Permanent Extension to Section 199A in House Reconciliation Package - Taxpayers for Common Sense
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Permanent Extension to Section 199A in House Reconciliation Package - Taxpayers for Common Sense
Original post: Section 199A: Boosting Business or Busting Budgets? – Taxpayers for Common Sense As part of its sweeping reconciliation proposal, the House Ways and Means Committee has included significant changes to Section 199A. Under current law, this 20% deduction is scheduled to expire after December 31, 2025. The Committee’s plan would not only make the deduction permanent but also expand its scope and generosity. Key Changes Proposed: P…
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