How to Get 20 Percent Off Your Tax Bill

How to Get 20 Percent Off Your Tax Bill
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Reuters
Updated:

NEW YORK—Tax filing season for 2018 has started, and the most complicated changes brought about by the Tax Cut and Jobs Act are still barely comprehensible.

There are some 30 million filers who need to pay attention, ranging from Uber drivers to day traders to professional athletes. Anyone who files a Schedule C for profit or loss from a business might qualify for a 20 percent deduction off certain income.