QBI The New Business Deduction

Posted by Jack Craven CPA on Thu , Nov 29 , 2018

We get more calls regarding the new Qualified Business Income (“QBI”) deduction than any other aspects of the new tax law. Simply put, the QBI deduction is 20% of your “qualified business income.” The rules, however, are not simple, they are quite complicated. If you qualify the benefit is substantial.

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