The Tax Cuts and Jobs Act made many favorable changes for businesses, including a lower corporate tax rate, a new 20% business income deduction for owners of pass-through entities, and favorable rules for writing off the cost of certain property investments. But it also ended—permanently or temporarily—the ability to claim certain write-offs that businesses have come to know and love.
Business Tax Breaks That Went Away in 2018
Here’s what you won’t see on 2018 returns:
