Upcoming Tax Issues Facing Dealerships That Need To Be Addressed Now
Withum
OCTOBER 18, 2023
The step-down of the bonus amount continues annually at 20% until it is completely phased out to 0% in 2027. The QBI deduction was adopted primarily to keep pass-through business owners on a level playing field with large corporations that are enjoying a permanent flat 21% federal tax rate. We are here to help.
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