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-   -   20% Qualified Business Income Deduction (https://www.daycare.com/forum/showthread.php?t=91259)

tenderhearts 02-07-2019 11:47 AM

20% Qualified Business Income Deduction
 
Do daycares qualify for this deduction? No one I have talked to talked to me about this except for the last guy just curious.

TomCopeland 02-07-2019 03:49 PM

Qualified Business Income Deduction
 
Quote:

Originally Posted by tenderhearts (Post 696051)
Do daycares qualify for this deduction? No one I have talked to talked to me about this except for the last guy just curious.

Yes! This is a big deal. You'll be able to reduce your federal taxable income by the lower of your business profit and your family's taxable income. I'll be writing about this on my blog next week.

tenderhearts 02-07-2019 06:16 PM

Wow that's great. I will be on the lookout for it.

marshallbrown 02-08-2019 06:16 AM

What kind of deduction? I didn't get


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