The QBI Deduction | This Tax Break Can Save You a TON of Money as a Freelancer!

[@katiehutchison5845]

You are delightful!! So clear, informational, and helpful. Thank you!

[@humble-l2x]

You explained this complicated subject in simple terms so that my little brain could understand it and helped me complete my taxes and I thank you

[@KeeperTax]

So glad the video helped! And your brain is definitely not little - taxes for self-employed people are just honestly ridiculous haha

[@TailoredHair]

Love everything about your channel! You're doing a great job, thank you😀

[@WarEagleTimeMachine]

Great breakdown and video!

[@lisajohnson5927]

Thank you, first comment, first like 👍

[@2solid4tv48]

Im confused so is consulting ,law,health performance arts i see im assuming for all Artist and freelancers etc the only Businesses that Qualify ?

[@KeeperTax]

Hi! It's not limited to just those professions - all businesses qualify, as long as they aren't C corporations! The types of businesses you listed - specialized service trades or businesses - just have additional limitations on them. Specifically, they DON'T get the write-off if they earn more than a certain amount (currently $220,050 for single filers and $440,100 for married filers). So it's actually more advantageous NOT to be in one of those lines of work, as far as the QBI deduction goes.

[@2solid4tv48]

@@KeeperTax thank you I subscribed

[@erikamorris8526]

Bro you are awesome! Thank u

[@KeeperTax]

Thanks, Erika!

[@TerieofOcala]

Hi, thanks for all the info. Question: Doesn't look like you cantake both QBID and EIC. (No dependents)

[@KeeperTax]

Hi, Terie! It's possible to claim both the QBID and the EIC if you're eligible. However, it's true that the EIC is harder to qualify for and worth less if you don't have dependents.

[@landonc5355]

Do I get a QBI deduction if I sell insurance independently and make 160k a year

[@KeeperTax]

Hi Landon! Yep, you'd qualify for the full 20% deduction. Here's an article (with an infographic!) where you can learn more: www.keepertax.com/posts/qbi-deduction

[@l.austin2371]

​@Keeper - Taxes made magical what about 1099 travel nurse?

[@KeeperTax]

@@l.austin2371 Hi! Yes, sole proprietors are eligible.

[@zaravelez]

is it possible to speak with my keeper tax representative on the phone before filling my 2022 taxes?

[@KeeperTax]

Hi, Zara! Unfortunately, you won't be able to chat on the phone, but you can actually communicate with your tax assistant right in the Keeper app. Just go to the "Tax Help" tab, and you can ask them any questions. If by chance you haven't downloaded the app yet, you can do that here: keeper.tax/e/TgCDnVGbkwb Feel free to also contact our customer support team at [e-mail]

[@zaravelez]

@@KeeperTax thank you!

[@doitright8103]

Thanks