CHAPTER 21
Domestic Production Activities Deduction
How often does Uncle Sam reward taxpayers for simply doing a good job? There is a special deduction designed to encourage domestic production activities. Also referred to as the “manufacturer’s deduction,” this write-off effectively slashes the tax rate applied to such activities and does not require any additional cash outlay to qualify.
There have been suggestions to eliminate this deduction entirely, as part of overall tax reform. To date, there have been no formal proposals, but stay alert for possible developments.
In this chapter you will learn about:
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