20% Small Business Tax Deduction (QBI) - Don’t Miss This!

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The Qualified Business Income (QBI) Deduction is a powerful tax break that can help business owners reduce their taxable income—but do you qualify? In this video, I will break down everything you need to know, from eligibility to computation and key exemptions.

0:00 - Overview
0:41 - Who is covered?
0:59 - How to compute QBI
4:10 - Professions or occupations that do not benefit from QBI
5:40 - What is a Specified Service Trade or Business (SSTB)?
7:17 - Final thoughts

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🚀 Disclaimer: This podcast is for educational purposes only and does not constitute financial advice. Consult with a qualified professional before making any investment decisions.
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Thanks, I am looking for real help on on putting my figures to calculate and file 2024 🥰🥰🙏🙏

clairemoore
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Hi Mat.. great video. Quick question, are rental property owners falls under SSTB? Ex: if I make $300k in rental income (filling single) with multi properties. Is that SSTB or Non SSTB?

woodforever
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Are your calculations for the couple correct? It looks like they make 400k not 350k

catalinodureza
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4:47 how is 250k + 150k = 350k? The math is not mathing

AtizaJuanita
welcome to shbcf.ru