Tyler? Yep. Made $238,000 this year from your small business income? Yep. Looks like you owe us. Before you do that, go ahead and deduct $47,600 from that income. Uh, why? Because I work for a partnership or an LLC. I can claim the full 20% pass-through deduction as long as my wife and I make under $340,000 of income. That saves you $9,520. Drops me down to the 32% tax bracket. You've done your homework. Oh, I just follow Social Cap. Makes complex finance seem easy.

Learn how to leverage pass-through deductions on small business income to significantly lower your tax burden, as experienced by a successful entrepreneur.