Federal Business Income Tax Tables
2019
| C-CORPORATION TAX RATE |
| 21% Flat Tax Rate |
| CORPORATE ALTERNATIVE MINIMUM TAX |
| Repealed, beginning in 2018 |
| QUALIFIED BUSINESS INCOME 20% DEDUCTION FOR PASS-THROUGH ENTITIES |
| Qualified income will be taxable at 80% of the normal tax bracket rate on other business income |
| Applies to the lesser of 20% of business income or 50% of total wages paid by the business |
| Specifically excludes certain types of professional service and investment income |
2018
| C-CORPORATION TAX RATE |
| 21% Flat Tax Rate |
| CORPORATE ALTERNATIVE MINIMUM TAX |
| Repealed, beginning in 2018 |
| QUALIFIED BUSINESS INCOME 20% DEDUCTION FOR PASS-THROUGH ENTITIES |
| Qualified income will be taxable at 80% of the normal tax bracket rate on other business income |
| Applies to the lesser of 20% of business income or 50% of total wages paid by the business |
| Specifically excludes certain types of professional service and investment income |
The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.
