Category: <span>Business Tax</span>

Phaseout for New 20% Deduction

Phaseout for New 20% Deduction

  Phase-out for New 20% Deduction If your pass-through business is an in-favor business and it qualifies for tax reform’s new 20 percent tax deduction on qualified business income, you benefit at all times, including being above, below, or in the expanded wage...
Tax Reform Creates Taxes on Employee Fringe Benefit for Bicycles

Tax Reform Creates Taxes on Employee Fringe Benefit for Bicycles

Tax Reform Creates Taxes on Employee Fringe Benefit for Bicycles Tax reform created taxes on the employee fringe benefit for bicycles. You could (and can) deduct your costs for reimbursing employees for their qualified bicycle transportation costs. But tax reform now...