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posted Apr 12, 2022 9:45:33 AM

"qualified business income deductions" do they subtract from your gross taxable income or just subtract from the amount of taxes you owe?

i want my taxable income to remain as high as possible because im taking out a mortgage this year

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1 Replies
Expert Alumni
Apr 12, 2022 9:55:59 AM

The QBI deduction is on Line 13 Form 1040, so it is included after your AGI but before our taxable income.