Harless Tax Blog

Harless Tax Blog

IRS launches new easy-to-use webpages on tax reform

Wednesday, September 19, 2018

Source from irs.gov
Business owners and self-employed taxpayers should make IRS.gov/taxreform their first stop for information on how tax reform affects both their business and individual taxes. The updated IRS.gov/tax reform page has helpful information for three types of taxpayers: individuals, businesses and tax exempt entities.

The Businesses page is for businesses of any size and includes these topics, among others:

New 20 percent deduction for passthrough business
Changes to deductions for certain fringe benefits
Like-Kind Exchanges
New employer credit for paid family and medical leave
Depreciation and expensing

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