Alston & Bird Tax Blog

Certain Banks Qualify for the 20% Pass-Through Deduction

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Our Federal Tax Group highlights Section 199A and the IRS’s new proposed regulations that allow pass-through businesses to deduct up to 20% of their qualified business income.

  • Certain banks qualify for the deduction
  • LLCs, partnerships, and S corporations can benefit
  • Only productive businesses can take advantage
  • Anti-abuse rules are built in

Read full advisory here.

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Alston & Bird has a highly acclaimed, diversified tax practice covering every area of tax law. Our tax practice is both national and international in scope, with clients headquartered throughout the United States and abroad, including the world financial centers in Asia, Europe and South America.

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