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Federal Tax: Is There Anything for Us in the New Domestic Production Activities Deduction?

Federal Tax: Is There Anything for Us in the New Domestic Production Activities Deduction?


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by Mel Schwarz and Shelly McGuire
For many taxpayers, the centerpiece of last year?s tax legislation is the new domestic production activities deduction. Estimated to reduce taxes by more than $76 billion over the next 10 years, this provision primarily benefits those who produce products or build things in the United States. Service companies do not share in the benefit, leaving those in the medical profession to ask, ?Is there anything in it for us??