What Is a Qualified Business Income Deduction? – Erica Gellerman, CPA

No entrepreneur looks forward to filing their business taxes, but everyone looks forward to saving on their tax bill. Now small businesses and self-employed people may be eligible for a big tax break: the qualified business income deduction. This deduction is available for tax years 2018 through 2025 and allows certain businesses to deduct up to…

Erica Gellerman, CPA writes for NerdWallet. Email: wpguestuser+egellerman@nerdwallet.com.

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