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QBI 20% Business Income Deduction (Sec 199A)

Most businesses qualify for the QBI deduction. There are some exceptions that don’t qualify if income is above certain thresholds. Those businesses are referred to as Specified Service Trade or Businesses – SSTBs (i.e. legal, accounting, medical and other certain professionals) which will be discussed more later. However, as mentioned in the introduction, Surgery Centers, […]

Tax Tips Blog by Joshua Richman, E.A., President

Home Office Deduction – Get It and Save: Beside the fact that you can wake up and be at work by just walking down the hallway here are some other perqs…. 1. Deduct your mileage to a second or third job or other place of business. A legitimate home office can meanthousands of more dollars of […]