#small-business

2 articles

$34,000 Into the QBI Phase-In Range Already Costs You $3,400 of Your 20% Deduction

We ran $200,000 of qualified business income through the calculator at $428,600 taxable income (MFJ) — $34,000 into the 2025 phase-in range. The W-2 wage limitation already cuts a non-SSTB business's deduction from $40,000 to $36,600.

A $150K Freelance Consultant Saves Real Money Electing S-Corp Status at a $70K Salary

We ran a $150,000 net-income freelance consultant through the calculator with a $70,000 reasonable salary — the S-Corp election clears even a $3,000/year compliance cost, because only the salary gets hit with payroll tax.