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There was an update in 2018 to the original laws. > Therefore, self employed IT professionals such as programmers and software engineers will be eligible to ta
by snow_mac 5y ago
There was an update in 2018 to the original laws.
> Therefore, self employed IT professionals such as programmers and software engineers will be eligible to take the deduction. However, they will still have to contend with some limits to the deduction that apply over certain income levels. For higher income IT professionals, it may be beneficial to operate as an S Corp and pay yourself wages to enable you to qualify for the QBI deduction.
SEE:
http://kbfinancialadvisors.com/making-the-switch-from-employee-to-self-employed-pass-through-income-and-the-section-199a-deduction/ http://kbfinancialadvisors.com/making-the-switch-from-employ...