Individual Tax
The qualified business income deduction - QBI deduction - is relatively new to the tax scene. It's a powerful tool … Read More 
Which Michigan cities make you pay income tax? As of Jan. 1, 2019, 24 cities in Michigan impose an income … Read More 
The QBI deduction is more complicated than just claiming a 20% deduction on your income. Qualified trades and income limits … Read More 
Which tax form do you use to claim the QBI deduction? You use Form 8995, Qualified Business Income Deduction Simplified … Read More 
If you're eligible to claim the QBI deduction and you're involved with multiple businesses, you may want to consider aggregating … Read More 
The QBI deduction is a new opportunity to decrease your taxable income by 20%. It can help you reduce the … Read More Use this flowchart to help you understand the QBI deduction, whether you're able to claim it, and if your deduction … Read More 
If you plan on using your vehicle for business, medical appointments, or charitable or moving purposes in 2019, make sure … Read More 
A new tax year means new tax rates, updated income thresholds, and renewed credits and deductions. Here's a breakdown of … Read More 
The IRS and Treasury Department issued the final QBI deduction regs (regulations) on Jan. 18, 2019. This is the first tax … Read More
