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In 2022,nevaeh, a self employed cosmetician ,had a net profit from her business of $170,000.She will file jointly with her husband ,and their joint taxable
In 2022,nevaeh, a self employed cosmetician ,had a net profit from her business of $170,000.She will file jointly with her husband ,and their joint taxable income for the year is $324,750 (their only source of income is her husbands wages).The deductible part of Nevaehs self .she did not have any employees nor any assets or property to depreciate.she did not make any contribution to any retirement plans ,nor she does qualify for the self employed health insurance deduction .Nevaeh is eligible to received a qualify business income eduction of
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