You qualify for this net income tax deduction if you own a small business or a real estate investment.
The IRS owes you money.
Net Income Tax Deduction
The 199A Pass-Through: This is a 20% deduction off the bottom line profit of your business but also comes with a lot of twists and turns and complexity. Many don’t realize it also applies to rental properties. That’s right! If you’re a landlord and have net rental income, you may qualify for one of the best tax benefits from the TCJA tax reform.
Need help understanding how you can get your net income tax deduction back from the IRS? Schedule Your Free Assessment Here.