Plain Language if Change:
- For tax years beginning after December 31, 2017:
- the 70% dividend received deduction is reduced to 50%; and
- the 80% dividend received deduction is reduced to 65%
Cordasco & Company PC is a boutique CPA firm specializing in federal and state tax issues. We provide customized tax and accounting services specifically designed to help our clients capitalize on the rapidly changing tax and accounting environments.