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Gear up for big manufacturing deductions

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in Small Business Tax,Small Business Tax Deduction Strategies

The so-called “manufacturing deduction” isn’t limited to companies that manufacture products only in the traditional sense. It’s available to a wider range of business operations. Strategy: See whether your company can squeeze through one of the Section 199 loopholes. If you qualify, you are eligible to deduct up to 6% of your qualified production activity income (QPAI) for the year.

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