Who qualifies for the QBI deduction? Your income level matters If your total taxable income — that is, not just your business income but other income as well — isat or below $163,300 for single filersor $326,600 for joint filers, then in 2020 you may qualify for the 20% deduction ...
If you’re impacted by a natural disaster, check our IRS Disaster Relief page to see if you qualify for an automatic tax filing or payment extension. Estimated tax payments Working for yourself has many benefits. You never have to report to a boss and can set your own hours. It also ...