Domestic Production Activities Deduction
- Domestic Production Activities Deduction
- A deduction against income derived from domestic manufacturing activities. The domestic production activities deduction is designed to encourage domestic production and production-related activities.
It is also known as the "manufacturer's deduction".
The type of domestic production activities that qualify for this deduction are fairly broad. Businesses that qualify for this deduction must complete Form 8903. The deduction cannot exceed the adjusted gross income of sole proprietors or owners of partnerships or Sub S corporations. It is also limited to 50% of W-2 wages paid to employees.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Qualified Production Activities Income — is a class of income which is entitled to favored tax treatment under Section 199 of the United States Internal Revenue Code. [26 U.S.C. 199.] History Former section 114 of the United States Internal Revenue Code excluded extraterritorial income… … Wikipedia
Domestic policy of the George W. Bush administration — President George W. Bush signs into law S.2590, the Federal Funding Accountability and Transparency Act of 2006 in the Dwight D. Eisenhower Executive Office Building. Looking on are Sen. Susan Collins (R ME), Chairwoman of the Senate Homeland… … Wikipedia
Provisional Income — The level of income that is used to determine whether a taxpayer is liable for tax on his or her Social Security benefits, and by how much. Provisional income is calculated by making certain adjustments to the taxpayer s gross income. The formula … Investment dictionary
Adjusted gross income — Part of a series on Taxation Taxation in the United States … Wikipedia
Combined reporting — Some jurisdictions permit or require combined reporting or combined or consolidated filing of income tax returns. Such returns include income, deductions, and other items of multiple related corporations, and may compute tax as if such multiple… … Wikipedia
Public Law 110-343 — (known as H.R. 1424 prior to enactment) is an Act of Congress signed into law by U.S. President George W. Bush on October 3, 2008. [http://www.whitehouse.gov/news/releases/2008/10/20081003 17.html White House Press Release] October 3, 2008.] [… … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… … Universalium
Tariff — For other uses, see Tariff (disambiguation). Taxation An aspect of fiscal policy … Wikipedia
Energy policy of Australia — The Energy policy of Australia is subject to regulation and fiscal influence by all three levels of Government, however State and Federal energy policy deals with primary industries, such as coal. Australia is a major exporter and user of coal,… … Wikipedia
