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2019: This Year in Taxes
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