The amended Internal Revenue Code (courtesy Tax Cuts & Jobs Act ) now (from tax year 2018) provides 20% tax deduction for all self-employed or freelancers or estate or trust from a partnership, S corporation or sole proprietorship or s corporation or who have qualified business income. The Qualified Business Income or QBI Calculator deduction calculator given below is for individuals -single or married and having maximum three pass through businesses .
20% QBI Deduction Calculator
Related Posts
2021 mileage reimbursement calculator is based on just announced optional standard mileage rates for calculating the deductible costs of operating a motor vehicle for business, charity or for medical purposes….
This car loan calculator with interests is very fast. It computes monthly car payments over the life of your loan. There are only a few fields for inputs and click…
2021 IRS tax calculator is designed to give you instant results about estimated tax liability for the tax year 2021 for which tax filing is due in 15th April 22….
