Carry Learning Center

Understanding how W-2 wages affect your Qualified Business Income (QBI) deduction can make a meaningful difference for business owners with higher taxable income. The IRS uses these wages to determine how much of the 20% deduction you may potentially claim, but the calculation process can be confusing at first glance. This guide simplifies the concept, explaining [...]

Running a small business or earning income through a partnership or S-Corp can come with unique tax advantages.  One of the most valuable is the Qualified Business Income (QBI) deduction, designed to reward business owners for their investment and risk. But understanding how this deduction works is not always straightforward, especially when it comes to the [...]

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 [...]

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 [...]

Freelance marketers and small marketing agency owners have several ways to lower their 2026 taxes and potentially grow long-term wealth. Success starts with understanding how business expenses and retirement contributions work under IRS rules. Everyday costs such as advertising, campaign tools, and creative software may qualify as deductions—and these deductions can free up cash for [...]

Selling online is more than finding a popular product. It is also about keeping more of your earnings. Every cost in an e-commerce business, from packaging to advertising, can affect your 2026 tax bill. Smart sellers usually plan ahead instead of waiting until April. Tracking eligible deductions and contributing to a retirement plan like a Solo [...]

Consultants and agency owners have unique opportunities to lower 2026 taxes and build long-term wealth — but only if you know which deductions apply to your situation and how retirement contributions affect your taxable income. The right moves can reduce what you owe this year and redirect those dollars into future savings instead of taxes. Not [...]

Rising income from tech work can create just as many tax questions as financial opportunities. Whether you’re a salaried developer, independent contractor, or juggling both, the way you report income and choose deductions may have a meaningful impact on how much you actually keep in 2026. The right retirement plan can also turn tax savings [...]