IRS Section 199A Deduction: The 20% Pass-Through Hack for 2026
The “One Big Beautiful Bill” Act (OBBBA) Impact As of May 2026, the tax landscape for LLCs has been stabilized by the One Big Beautiful Bill Act (OBBBA). The most significant victory for pass-through entities (LLCs, S-Corps, and Partnerships) is that the Section 199A deduction, which was previously set to expire, has now been made … Read more