Tax law: How to get the pass-through deduction by reducing taxable income Advisers are only eligible for the full 20% deduction if their income is less than $157,000 for singles and $315,000 for ...

The landmark 1986 tax reform legislation cut the top individual income tax rate in the U.S. to 28% from 50% and the top corporate rate to 34% from 46%. With that change, the tax treatment of standard ...