The qualified business income (QBI) deduction allows you to deduct up to 20 percent of your QBI. Learn more.| www.irs.gov
On January, 19th, 2019, the IRS issued the final regulatory guidance in chapter 12 of Publication 535, This update discusses the complex 20 percent qualified business income deduction under Section 199A (also known as a pass-through income deduction.) To recap, this deduction was enacted by the TCJA tax reform law (Pub. L. No. 115-97), and it| THInc
The QBI tax deduction could save you $30,000+ per year! If you are a small business owner, you can't afford to miss this.| The Money Maniac
The Tax Cuts and Jobs Act changed deductions, depreciation, expensing, tax credits and other things that affect businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly.| www.irs.gov
