The Reference Section

A collection of wealth improvement articles

2019 Corporate Tax Rates
C Corporations
Flat 21% corporate tax rate. Includes personal service corporations.
No alternative minimum tax (AMT).
Pass-Through Entities
(S corps, partnerships and sole proprietors)
Taxed as ordinary income.
20% qualified business income deduction available. Income threshold is $160,700 ($321,400 joint)*
*Select companies above these limits may have the income deduction reduced based on wages, property and type of business.
Section 179 Business Expensing Limits
Business equipment Sec. 179 expense deduction$1,020,000
Total purchase limit for full Sec. 179 expense deduction$2,550,000