How your pass-through income will be taxed is an important consideration for many business owners, as the formula is complex with many variables. Find out what potential tax savings you may realize.
Who:

Business owners whose income passes through their personal income tax return.

What:

With the passage of the Tax Cuts and Jobs Act, small businesses are positioned to receive the most significant tax break seen in over five decades.

When:

Effective for the 2018 tax year to be filed in 2019.

Why:

The PBMares Qualified Business Income Deduction Flowchart is designed to help you understand how the tax would be applied to your specific situation.

Download the Flowchart:

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Format: Downloadable
Author(s): PBMares Tax Team