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20. NAA Fights for Tax Deductions for Printed and Digital Newspapers

from NAA

From Dec. 2: The IRS is proposing a change to its rules to determine the taxpayer under Section 199 of the Tax Code, for the purpose of claiming a deduction for printing and other manufacturing costs. NAA has long-argued for the manufacturing deduction and successfully fought to have advertising revenue included as an integral part of the income that would qualify for the deduction, as it is "inextricably linked" to the newspaper product. more

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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063