Client Resource Center

Practical answers for your questions

1450 Frazee Road, Suite 714 • San Diego, CA 92108
Phone: 619-297-1040

2020 Corporate Tax Rates

Corporate tax rates and Section 179 expense limits are noted here for your use.

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 $163,300 ($160,700 in 2019) and $326,600 joint ($321,400 in 2019)*
*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 $1,040,000

  • Total purchase limit for full Sec. 179 expense deduction $2,590,000