Amplified Giving

Own a Business? You May Still Benefit from a Qualified Business Income Deduction

[fa icon="calendar'] June 18, 2018 at 8:07 AM / by Matt Keller posted in Insider Tips, Philanthropy, Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction, QBID

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Sifting through the new tax laws to find potential deductions can be tricky. While the standard deduction has increased for individuals, deductions for qualified business owners can be a little more complicated because of the new Qualified Business Income Deduction (QBID) introduced at the beginning of 2018.

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