House and Senate reconciliation bills differ on 199A deduction

The House and Senate Reconciliation packages differ on a tax deduction important to farmers. U.S. Senator Chuck Grassley says while the House proposal raises the Section 199A deduction for qualified business income to 23 percent, the Senate would make the deduction permanent but remain at 20 percent. “Well remember, the 23 percent was sunsetting. And […]

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