How the Qualified Business Income Deduction Works in 2026

Lucas and Luna break down the Section 199A qualified business income deduction for pass-through business owners. Using the example of a freelance graphic designer earning $180,000, they explain the 20 percent deduction, the taxable income threshold ($197,300 for single filers in 2026), the phase-in range, the wage and property limits, and how specified service trades or businesses like law, medicine, and consulting are treated. They walk through the actual math for two scenarios: one below the threshold and one in the phase-in zone. Listeners learn exactly whether their business qualifies and how to structure wages and property to maximize the deduction. #QualifiedBusinessIncomeDeduction #Section199A #PassThroughBusiness #TaxStrategy #FreelanceTax #SmallBusinessTax #TaxDeduction #2026Tax #Finance #FexingoBusiness #BusinessPodcast #TaxPlanning #ServiceBusiness #PhaseIn #WageLimit #PropertyLimit #SoleProprietor #LLCTax Keep every episode free: buymeacoffee.com/fexingo