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.

Qualified Business Income Deduction
 

Originally Posted by tenderhearts:
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.

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

What kind of deduction? I didn't get