An Advisor's Guide to the New 20% Pass-Through Deduction

For many business-owner clients, one of the most significant changes made by the Tax Cuts and Jobs Act (TCJA) was the creation of the new 199A deduction. This deduction, better known as the 20% pass-through deduction, has the potential to be one of the biggest tax-savers for certain clients, but it’s also undoubtedly one of the most complicated provisions in the entire TCJA. The good news, though, is that since the deduction is a completely new feature of the tax code, all advisors are starting off on a fresh, level playing field. Advisors who quickly and thoroughly learn the deduction’s ins and outs will easily stand out from the competition.

In this program, attendees will:
• Explore the “basics” of the 199A deduction.
• Understand how the deduction applies to “low-income” clients.
• Learn how the deduction applies to high-income clients.
• Develop strategies to help clients maximize the deduction.