Hey. You may not think of yourself as making things but the tax code allows this deduction for making things you may not be thinking of.
Why should you care?
Because if Uncle Sam considers you to be making things you may qualify for a nice deduction… up to 9% of all income from qualifying activities.
There’s no catch and no recapture associated with the deduction. It’s just extra cash in your pocket as you’ll discover when you read my new article titled Tax Tips: A Tax Break for American Builders—Including You (Yes, You)!
Three ways our fact-filled article can help you:
- We’ll tell you who qualifies for this substantial tax break. The deduction is for people who make all kinds of things from music, films, dental crowns, buildings, computer software, to raising livestock, and much more. You’ll learn what they are when you read the full article.
- We’ll explain how to calculate the deduction. There are three easy steps to take. We’ll tell you exactly how to proceed when you read the full article.
- You’ll learn why the form of your business matters. Sole proprietors can lose out due to “wage limitations.” Owners of S and C corporations are less likely to run into problems as we’ll explain when you read the full article.