B/D, Advisor Advocate Coalition to Push Congress to Reform Pass-Through Tax Deduction

A group of advisor advocates and firms, including CFP Board, is asking Congress to reform tax law to allow advisors to claim a deduction on business income. Section 199A of the 2017 Tax Cuts and Jobs Act allows pass-through business owners to deduct up to 20% of qualified business income, but many investment advisors were excluded from this deduction.

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