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New Law, New Limit on Deductions for Business Interest Expense

business interest

The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on business interest expense deductions.

The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. This is a permanent change for tax years beginning in 2018 and beyond. Will your business be affected? Here’s what you need to know. Read more