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This 20 deduction was designed to target small businesses that dont benefit from the Trump tax laws reduction in the top corporate rate from 35 percent to 21 percent. Trumps reported 750 federal income tax bill is smaller than the average payment by an American household making 20000 a year The most shocking revelations from the New York Times report about.
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A 20 deduction referred to as the Section 199A deduction is available for the first time on 2018 federal income tax returns.
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