Qualifying for the QBI Deduction: More Ways to Drive Down Income for Small Business Owners

Dec 3, 2018 / By Debra Taylor, CPA/PFS, JD, CDFA
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The new tax law’s QBI deduction provides a 20% tax deduction for pass-through business owners, but upper-income proprietors in service trades (like law or financial advising) will not qualify if their income exceeds a certain threshold. Here are personal and business income strategies to keep them under the limit.

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