You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. The highly publicized Tax Cuts and Jobs Act added a very important new ...

Following the passage of the Tax Cuts and Jobs Act, you may be wondering how the new qualified business income (QBI) deduction affects your taxes. There are many variables that can mean a big ...

Q. I have a side business but I've never made myself an LLC or any other business entity. If I want to benefit from the new 20 percent tax deduction, what should I do? And would that income taxed ...

Senate GOP leaders have agreed to boost the deduction for pass-through businesses from 17.4 percent to 23 percent in a bid to save the teetering tax-reform bill. Sen. Ron Johnson (R-Wis.), who nearly ...