The Tax Cuts and Jobs Act (TCJA) became a done deal when President Donald Trump signed it into law on December 22, 2017. The House first proposed its version of the bill in early November 2017, and it was tweaked and changed several times before it went into effect in January 2018.
2018 Last-Minute Section 199A Strategies
Starting now, this year (2018), you have to consider your Section 199A deduction in your year-end tax planning. If you don’t, you could end up with a big fat $0 for your deduction amount.