pass-through deduction

Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households

During the recent congressional election campaign, House Republicans said one of their top priorities would be to make permanent the individual tax changes in the...

November 30, 2022Howard Gleckman

Individual Taxes: TaxVox

Will California’s New Labor Law Change The Way Gig Workers Are Taxed?

A sprawling and controversial new labor law signed by California Governor Gavin Newsom this week could have major tax consequences for gig workers in the...

September 20, 2019Howard Gleckman

Business Taxes: TaxVox

Treasury’s New Pass-Through Rules Double Down On The Deduction’s Regressivity

The Tax Cuts and Jobs Act (TCJA) contains a special 20-percent individual income tax deduction for owners of pass-through businesses that was always going to...

August 14, 2018Steven M. Rosenthal

Campaigns, Proposals, and Reforms: TaxVox

House GOP Cuts Taxes For Pass-Through Businesses, Then Worries About A Shift To Self-Employment

For the second time in a week, House Republicans are pushing policy changes that seem to conflict with key elements of last year’s Tax Cuts...

July 24, 2018Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

What Should Republicans Include In Their Second Tax Bill?

The Trump Administration and some congressional Republicans, including Ways & Means Committee Chair Kevin Brady (R-TX), are promising Tax Bill 2.0 later this year—perhaps in...

June 7, 2018Howard Gleckman

Business Taxes: TaxVox

Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs

The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...

June 4, 2018Eric Toder