Select Page

Boise Idaho Business Guide: 199A 20% Business Income Tax Deduction

If you own and operate your Idaho business as a sole proprietorship, partnership, or S-corporation, business income can now qualify for some or all the new 20 percent deduction.

Now you may also qualify for the 20 percent tax deduction on income from real estate investments, publicly traded partnerships, real estate investment trusts, and qualified cooperatives.

This new tax reform called 199A has provided Idaho businesses enormous tax relief. However, the IRS has made two different groups the In-Favor and Out-of-Favor groups.

In addition to these two groups there is also the fading and fading out of this 20% deduction.

Click for Boise Payroll Service Click to Form an Idaho Business