Blog for Self-employed Professionals
Self-employed professionals in their 50’s to optimize their savings and reduce taxes so work can be optional.
Year-End Roth Conversion to Increase Qualified Business Income (QBI) Deduction
This may seem counter-intuitive, but it is possible that a year-end Roth conversion could increase your Qualified Business Income (QBI) deduction. First, note that the Qualified Business Income (QBI) deduction is the lesser of: 20% of your Qualified Business Income...