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    New Pass-Through Tax Deduction Could Be a Bust for Business Owners

    by Mike Piershale, ChFC, President, Piershale Financial Group Nov 21, 2019 3 minutes

    As part of the Tax Cuts and Jobs Acts passed in December of 2017, IRC Section 199-A was created, which allows owners of small businesses -- including partners, owners of S corporations and sole proprietorships -- a deduction of up to 20% of qualified business income. In general, qualified business income is referring to the profits of the company.

    While that sounds like a valuable opportunity, the QBI deduction may turn out to be a deal

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