Clarification on Pass-through Deduction.

Clarification regarding the pass-through deduction phase in.

“Adam Looney watches this closely for the Tax Policy Center, run by the Brookings Institution and Urban Institute.”

“… if you are a self-employed person or a small business owner, then your income has to qualify in order to receive the deduction. If you make less than $315,000 and you’re married, then you get the deduction. Above that level, it depends on whether you’re a doctor or a lawyer or in a different trade.”

https://www.pbs.org/newshour/show/under-the-gop-bill-heres-whos-going-to-get-a-big-pass-through-tax-break

Here

I assume this means that at lower levels everyone, including lawyers, doctors & accountants, get the passthrough deduction. But …

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