"Maximize Your Tax Savings with QBI and PTET Strategies"

In this episode of How to Lower Your Tax Bill, host Terrence Hutchins, a financial and tax advisor in the Dallas-Fort Worth area, unpacks two critical tax-saving strategies for business owners: the Qualified Business Income (QBI) Deduction and the Pass-Through Entity Tax (PTET). Whether you’re a small business owner, freelancer, or entrepreneur, these strategies can make a significant difference in how much of your hard-earned income you get to keep.

Terrence breaks down:

• What qualifies for the 20% QBI deduction and how to determine if your business is considered a Specified Service Trade or Business (SSTB).
• Income thresholds that may phase out your eligibility for QBI, and the unique ...