The qualified business income (QBI) deduction lets eligible pass-through owners deduct up to 20% of qualified business income. See who qualifies, 2025 and 2026 income thresholds, SSTB rules, and how to claim it.
The facts on the Augusta Rule (IRS Section 280A(g)): the 14-day limit, reasonable rent, who qualifies, how to report it, risks, and common questions answered.
The facts on changing a business name: DBA vs. legal name change, when you need a new EIN, how to notify the IRS by entity type, and common questions answered.
The facts on paying yourself as a business owner: salary vs. owner’s draw, what each business structure allows, how taxes work, and common questions answered.
The facts on deducting a business vehicle: who qualifies, standard mileage vs. actual expenses, Section 179, bonus depreciation, 2025-2026 limits, and recordkeeping.
An employer identification number (EIN) is a unique nine-digit business tax ID the IRS uses to identify a business for
