The Economic Affects of the Section 199A Deduction

The Congressional Research Service just released a paper on the economic affects of the Section 199A deduction.

Photo by Michael Bourgault on Unsplash

The Congressional Research Service issued an economic analysis of the Section 199A deduction that was enacted as part of the Tax Cuts and Jobs Act of 2017 as updated by the “Grain Glitch” fix in 2018.

Data is provided showing the cumulative amount of the 199A deductions for 2018-2021 as shown in this table: