The Internal Revenue Service (IRS) claims that the season will operate as close to normal as possible - including issuing tax refunds. Assuming no delays, here are my best guesses for expected returns based on filing dates and information from the IRS.
As part of the Tax Cuts and Jobs Act, Congress enacted Section 199A, which provides a 20% deduction against the income earned in certain businesses. Yesterday, final regulations were published, meaning taxpayers finally have the guidance necessary to implement the new provision. Let's take a look.