Section 199 – Manufacturer’s Deduction And So Much More
March 20, 2013
While this IRS code section has been called the Manufacturer's deduction it is available to more than manufacturers. If your company manufactures, produces, grows, or constructs within the United States you may qualify. This deduction is calculated to be 9% of your qualified production activities income and would provide a reduction to the taxable income of a Company or an individual if it is a pass-through entity. The benefits would be limited to net income or 50% of the wages of the Company. For additional information and to determine if you may qualify for this deduction contact your Faw Casson representative or Kim Fonda.
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