Carry Learning Center

A 20% tax deduction can sound like a big win for business owners. But the upside could shrink fast if your taxable income crosses certain limits. The Qualified Business Income deduction, also called the QBI deduction, may lower taxable income for many pass-through business owners. The actual benefit, or lack of one, often depends on [...]

Two businesses can generate the same earnings and still end up with different tax outcomes. The difference often comes down to structure and how taxable income is defined. The Qualified Business Income (QBI) deduction could reduce taxable income for many pass-through owners. But the benefit is not uniform, and the result can shift based on [...]

For many self-employed individuals, the Qualified Business Income deduction can feel like one of the most confusing breaks in the tax code — yet it is also one of the most meaningful. This deduction, created under the Tax Cuts and Jobs Act, potentially allows certain business owners to reduce the taxable portion of their income. If [...]

If you earn income through a business, the Qualified Business Income deduction could still help reduce your taxable income through 2026. It was introduced under the Tax Cuts and Jobs Act and remains one of the most talked-about tax breaks for small business owners and self-employed professionals. The idea sounds simple — take a deduction for [...]

Looking for more freedom in how you invest your Solo 401k funds? Some account setups give you more control than others, especially if you are not tied to a prepackaged plan from a brokerage. A non-prototype brokerage account opens the door to broader investment choices and greater control. But it also shifts more responsibility to you [...]

Saving for retirement gets more complex as you move into your 50s and early 60s, especially if you are running your own business. The pressure to make the most of your remaining working years is real, but the rules are not always easy to follow. Important changes are coming soon that could affect how much you [...]

The One Big Beautiful Bill Act, signed into law by President Trump on July 4, 2025, introduces substantial changes to the U.S. tax code that will affect millions of Americans filing 2025 returns. The legislation includes new deductions for tips and overtime pay, increases the Child Tax Credit, and raises the state and local tax [...]

The Arizona Department of Revenue is urging residents to file their 2025 income tax returns on schedule despite the state lacking an approved tax code that conforms to recent federal changes, a situation that could force roughly one million taxpayers to amend their filings and cost the state $20 million to process. The unusual predicament stems [...]

The IRS began the 2026 tax filing season Monday with 27% fewer employees than it had a year ago, raising concerns about delays for millions of taxpayers who need assistance as the agency implements over 100 new tax law changes, according to National Taxpayer Advocate Erin Collins’s annual report to Congress. The workforce dropped from approximately [...]