Senate Democrats curtailed a tax break for certain pass-through businesses as part of the Inflation Reduction Act passed Sunday. A pass-through or flow-through business is one that reports its income ...

SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

Financial advisors and their business clients can breathe a sigh of relief after new taxes on pass-through entities were rejected in the Senate’s version of the “One Big Beautiful Bill,” which passed ...

A coalition of advisor advocates and firms, such as LPL Financial, Commonwealth and Raymond James, is urging Congress to reform tax law so advisors can claim a deduction on business income after the ...

Pass-through businesses would enjoy a higher qualified business income deduction under the bill, which just passed in the House. The bill that the House of Representatives passed early Thursday ...

Limited Liability Companies give business owners a unique blend of liability protection and some real tax flexibility. The main tax perk of an LLC is pass-through taxation, which lets profits flow ...