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2. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   Qualified Business Income (QBI) If you are self-employed or run a small business — you might be able to deduct a portion of your business income using the Qualified Business Income (QBI) deduction.

3. The Qualified Business Income (QBI) Deduction - AOL

   www.aol.com/news/qualified-business-income-qbi...

   The 2017 Tax Cuts and Jobs Act introduced a deduction for qualified businss income (QBI) that provides a significant tax break to many business owners. The newly created Section 199A of the ...

4. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   Internal Revenue Code Section 62(a)(1) allows above-the-line deductions for most ordinary and necessary business expenses which are attributable to a trade or business carried on by the taxpayer, if such trade or business does not consist of the performance of services by the taxpayer as an employee. I.R.C. 162(a).

5. Internal Revenue Code section 132(a) - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...

6. Qualified Small Business Stock - Wikipedia

   en.wikipedia.org/wiki/Qualified_Small_Business_Stock

   Qualified Small Business Stock (QSBS) is a tax incentive to drive the investment and founding of small businesses in the United States of America. [1] The QSBS regulations are under U.S. Code Section 1202 [2] of the Internal Revenue Code (IRC). QSBS is a tax exemption on a federal, and in some cases, a state level. [3]

7. Taxable Income: What It Is and How To Calculate It - AOL

   www.aol.com/taxable-income-calculate-185222875.html

   Calculate your taxable income: To figure this out, you take your AGI and subtract all of your qualifying deductions. Or use a tax filing software to calculate the deductions for you.

8. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

   www.aol.com/adjusted-gross-income-calculate...

   This is your income from all sources, including wage income, salary, taxable interest and dividends, alimony, business income, IRA or pension distributions, annuity distributions, rental income ...

9. Rate schedule (federal income tax) - Wikipedia

   en.wikipedia.org/wiki/Rate_schedule_(federal...

   The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").