- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes.
That will start in 2018 (tax returns filed early in 2019). The 20% reduction only affects Income tax, not Self Employment tax.
If your "taxable income" on your tax return is over $157,500 (Single) or $315,000 (Married Filing Jointly), there are further restrictions that may lower or eliminate the 20% reduction.
‎June 6, 2019
7:34 AM