![Qualifying For The New Business Owner Tax Break Thumbnail](https://static.twentyoverten.com/58aa3fbed783f674a683c47e/S1wLxP-Gm/handshake-2009195__340.png)
Qualifying For The New Business Owner Tax Break
Qualifying For The New Business Owner Tax Break
Under the new tax law, business owners are entitled to deduct 20% of "qualified business income."
The test for qualifying for this big new tax break is defined in the Tax Cuts and Jobs Act.
If you formed your business as a sole proprietorship, S corporation, partnership, LLC or similar pass-through entity, you are entitled to the deduction.
If you've enjoyed this video blog Join Our Weekly Newsletter, or want more information. Please email us at fulbrightteam@moneyful.com or http://masteringyourmoney.com/