Tax rate reductions for small businesses set to expire by end of 2025
The 2017 provision cut taxes for larger companies, known as C Corporations, from 35 % to 21%. Smaller companies that file as a pass-through business also saw a reduction, but from 39% to about 28%.
Published : a month ago by CBS Chicago in Business General
Tax rate reductions for small businesses set to expire by end of 2025 The 2017 provision cut taxes for larger companies, known as C Corporations, from 35 % to 21%. Smaller companies that file as a pass-through business also saw a reduction, but from 39% to about 28%.