743 plain-English guides on us tax, each one ending in what to do next.
Page 8 of 31, newest first.
The QBI deduction equals 20% of qualified business income (net profit from Schedule C, or K-1 income from an S-Corp/partnership).
US TaxFreelancers have access to the same retirement plan options as any self-employed business owner. The two primary plan types for freelancers are the SEP.
US TaxFreelancers and independent contractors report income and expenses on Schedule C, pay 15.3% self-employment tax on top of income tax.
US TaxFreelancers earning above $80,000-$100,000 in net profit can save $5,000-$20,000 per year in self-employment tax by electing S-Corp status.
US TaxGarage door businesses deduct torsion springs, openers, panels, and hardware as supplies. Service vehicles ($30,000-$50,000) qualify for Section 179.
US TaxGarage door repair tax structure: SSTB status: NOT an SSTB. Garage door repair and installation is a skilled trade. Garage.
US TaxGarage door repair businesses have steady year-round demand (emergency spring breaks don't follow seasons). Estimated tax payments are straightforward.
US TaxGlass and glazing companies deduct glass cutting tables, edging machines, glass inventory (35-45% of revenue), service vehicles with glass racks.
US TaxGlass and glazing businesses (window replacement, commercial storefront, auto glass) are NOT SSTBs. Materials run 35-45% of revenue.
US TaxGlass and glazing businesses have moderate seasonality with commercial work providing year-round stability. Set aside 22-25% of net profit.
US TaxThe seamless gutter machine ($10,000-$30,000) is the defining capital expense. Major deductions for gutter installation businesses: The gutter machine.
US TaxGutter installation is NOT an SSTB under IRC 199A. Materials (aluminum coil, hangers, downspouts) run 25-35% of revenue.
US TaxGutter work peaks in spring and fall (before and after winter). Revenue is moderately seasonal. Estimated tax overview for gutter installers: Typical.
US TaxHandyman businesses can deduct tools under $2,500 each right away, vehicle costs at 70 cents a mile for 2025, materials, insurance, and licensing fees.
US TaxHandyman businesses (NOT SSTBs) qualify for the full 20% QBI deduction. Handyman business tax structure: - SSTB status: NOT an SSTB.
US TaxHandyman businesses must make quarterly estimated tax payments if they expect to owe $1,000 or more. Estimated tax basics for handyman businesses.
US TaxHandyman businesses have 60-75% margins with very low material costs (materials usually passed through to the customer).
US TaxHandyman work is NOT a specified service trade or business (SSTB). S-Corp election makes sense at $55,000-$65,000 in net profit.
US TaxHandyman work is one of the least seasonal trades (year-round demand for repairs). Equal quarterly payments work well for most operators.
US TaxHome inspectors can deduct thermal cameras, moisture meters, radon test kits, ladder systems, E&O insurance, vehicle expenses, and continuing education.
US TaxHome inspection businesses are NOT specified service trades or businesses (SSTBs) because they are a technical trade, not consulting.
US TaxHome inspectors with seasonal income patterns should use the annualized installment method to avoid underpayment penalties.
US TaxHome staging businesses can deduct furniture purchases (MACRS 7-year or Section 179), storage unit rent, delivery vehicle costs, design supplies.
US TaxHome staging businesses are NOT SSTBs. Furniture and decor inventory creates unique tax questions: items used repeatedly are depreciable assets.