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In 2022,Aiden, a self employed dog walker,had a net profit from his business of $34,160.This was his only source of income during the year.the deductible
In 2022,Aiden, a self employed dog walker,had a net profit from his business of $34,160.This was his only source of income during the year.the deductible part of his self employment tax is $ 2,414.Aiden did not have any employees no any assets or property to depreciate.He did not make any contributions to any retirement plans,nor does he qualify for the self employed health insurance deduction.He will use the single filing status for 2022.He will claim the standard deduction ,and the amount of taxable income before the qualify business income deduction,as reported on his form 8995,qualify business income deduction simplified computation,is $18,796.What is the amount of Aidens qualify business income deduction reported on page 1 of his 1040
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