Date of Posting : June 30, 2020

According to Section 199A, certain professions get limited deduction after reaching a certain threshold level of income. This list includes

• · accounting,
• · actuarial science,
• · athletics,
• · brokerage services,
• · consulting,
• · financial services,
• · health,
• · investing services,
• · law,
• · performing arts, and
• · Securities trading services.

Any trade or business where the principal source of income of such trade or business depends on the reputation or skill of one or more of its workforce or owners.