Treasury Issues Final Rules on Pass-through Bracket

By Stephen Barlas
April 1, 2019

The U.S. Department of the Treasury issued nearly 250 pages of final regulations on January 19, 2019, regarding the Tax Cuts and Jobs Act’s 20% income tax bracket for owners of sole proprietorships, partnerships, trusts, and S corporations.


The so-called pass-through deduction is generally available to small business owners with income less than $315,000 for married couples filing jointly and $157,500 for single filers. All the complicated technical details of the final Qualified Business Income Deduction rule can be found by searching “IRS-2018-0021” at www.regulations.gov.


Stephen Barlas has covered Washington, D.C., for trade and professional magazines since 1981 and since 1984 for Strategic Finance and its predecessor Management Accounting. You can reach him at sbarlas@verizon.net.
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