Self-employed

Deduct up to a fifth of your business income.

If you are self-employed or run a passthrough business, the QBI deduction can remove up to 20% of that income from tax. Many people miss it.

Watch the quick version

See how it works through one simple example.

Is this you?

You have self-employment or passthrough business income.
Think Schedule C, partnership, or S-corp income.

Here is the idea, in plain words

The deduction is up to 20% of your qualified business income.

It comes off your taxable income on top of your normal business expenses.

Higher incomes face limits based on wages and the type of business.

What this could be worth

Worth up to 20% of your qualified business income removed from tax, on top of your expenses.
  • 1Confirm your income is qualified business income.
  • 2Check whether the high-income wage and business-type limits apply.
  • 3Claim the deduction on your return.

Educational guidance, not tax advice. We confirm every figure and your eligibility before you act.

Ready?

See your QBI deduction

Connect your business numbers and we compute the deduction and flag any limits.

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What to watch out for

The honest version.

  • High earners face wage and property limits.
  • Some service businesses phase out at higher incomes.
  • It does not apply to W-2 wages.

Common questions

Who qualifies?

Most self-employed people and passthrough owners with qualified income.

How much is it?

Up to 20% of qualified business income, subject to limits.

Do I need to itemize?

No, you can take it whether or not you itemize.

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