Tax Tips Blog

by Joshua H. Richman, E.A., President

QBI 20% Business Income Deduction (Sec 199A)

The 20% Qualified Business Income Deduction is one of the greatest jump starters for business owners of all sizes – from $50,000 a year to $50,000,000 per year. A business owner can save thousands of dollars in taxes each year. Since many of our clients own Ambulatory Surgery Centers I will mention it applies to them also if they follow certain important but simple guidelines. (for more info about how your business qualifies click here…)