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The Tax Cuts and Jobs Act (TCJA) passed in December 2017 included a new 20-percent deduction for pass-through businesses, also known as the section 199A deduction or the deduction for qualified business income. The new regulation, meant to provide much needed guidance on exclusions, phase-outs, technical issues, and many other uncertainties that came with the 20% deduction for pass-through businesses, is widely regarded as one of the largest opportunities for small businesses under the TCJA. However, with the high level of intrinsic complexity there is the possibility non-corporate business owners may not receive the full benefit without the proper guidance. Marvin and Company, P.C. recently held an in-person seminar addressing Section 199A and other tax reform topics. We put together an FAQ of what you need to know.