The qualified business income (QBI) deduction can be taken by individuals who own sole proprietorships, partnerships, S corporations, and certain trusts and estates. It is limited to twenty percent of a taxpayer’s qualified business income, as well as twenty percent of REIT (Real Estate Investment Trust) dividends, and PTP (Publicly Traded Partnership) income. The deduction… [keep reading…]
Tag: Eligibility
Are You Ready? Key SECURE 2.0 Amendment Reminders for 2026
The SECURE 2.0 Act of 2022 brought a number of changes to retirement plans, many of which have been phased in over several years. While plan sponsors have already worked to implement many of the SECURE 2.0’s provisions discussed below, 2026 represents a critical year for mandatory plan amendments. Here is a quick guide to… [keep reading…]