Author: Jonathan Medows

Is The Pass-Through For You?

A Primer On The New Deduction For Freelancers

Posted: February 1, 2019 | By:

Tax season is never a dull moment for freelancers. And this year brings a particularly notable new wrinkle: the 20 percent pass-through deduction for small businesses that was included in the 2017 tax reform bill. Like many tax rules, this deduction is a little more complex than it sounds at first. So before you get your hopes up, let’s take a closer look at the potential savings for writers for hire.

First, keep in mind that the new...

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