Understanding the New Business Interest Expense Limitation

The Tax Cuts and Jobs Act (TCJA), which was signed into law last year, included a major change to the deductibility of business interest expense. Prior to passage of the act, business interest was, generally speaking, 100% deductible except in certain limited situations. The new rules apply to all businesses regardless of form, though there are notable exceptions for small businesses and certain industries.

Tax Reform, From The Doty Group, Business OwnersAidan HeltAugust 20, 2018Business Interest Expense, Tax Cuts and Jobs ActComment