For many years, contractors have been advised to look into the Section 199 tax deduction for “domestic production activities.” Although the deduction focuses on manufacturing, it’s also available for “construction of real property performed in the United States” by companies “engaged in the active conduct of a construction trade or business.”
Trey Hardy, Tax Senior II

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Sec. 199 deduction looking better for contractors
Topics: Real Estate, Accounting Tips, Tax, Construction
Thinking about the current year’s taxes when you’ve just finished paying the bill for the previous year can be stressful, but the benefits of planning ahead can be extremely worthwhile.
Topics: Accounting Tips, Tax