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How to Calculate Your QBI Deduction: Step-by-Step Guide 👇
1️⃣ Determine your qualified business income (QBI): Identify income from eligible businesses. 2️⃣ Check income thresholds and phase-in/phase-out rules based on your total income and business types. 3️⃣ Calculate your deduction: Apply the rules to determine your final QBI deduction. Simplify your tax planning with this essential ...
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