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Home Office Deductions

It is estimated that over 40 million Americans work from home at least some of the time and with each passing year that number continues to grow.   In today’s world computers, smartphones and high-speed internet access make it easier and oftentimes more...

QBI Deduction for Small Businesses

With the passage of the tax cuts and jobs Act beginning in 2018 there’s a new deduction called the qualified business income deduction also known as qbi. The deduction can be claimed by owners of pass-through entities subject to the limitations allowed....