Submitted By: someone
Answered: September 1, 2022 3:56 am

Can a minister qualify for the QBI deduction?

A minister may be eligible for the qualified business income (QBI) deduction if he or she performs weddings, funerals, or other activities the income from which is reported on Schedule C. Wages received from an employer do not qualify for the QBI deduction.

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Tax Glossary

Tax home

The area of your principal place of business or employment. You must be away from your tax home on a business trip to deduct travel expenses.

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