Sentences with phrase «several small business deductions»

Not exact matches

The law contains several provisions favorable to businesses, including a cut in the corporate income - tax rate to 21 %, down from 35 %; the ability to write off qualified investments in new facilities right away, rather than over several years; and the potential for a 20 % income deduction for small - business owners who own companies via pass - through entities.

But if you are not a small business owner, there are still above - the - line deductions you can take such as stock losses up to $ 3,000, IRA contributions, student loan interest, moving expenses, alimony and several other items.