
Physician practices are a specified service trade or business under Section 199A. Here's how the 20% QBI deduction phases out, with 2026 IRS thresholds.
Late payments are addressed
A: Good news! You may not have damaged your credit at all, depending on how late the payments were made. Although your credit card or auto finance company may have charged you a late fee, the credit-reporting agencies consider a payment late on the 31st day after the payment was due. Let's say your auto loan was due on the 15th of the month. If your payment was made in the next 30 days, then your credit score should not have been affected.





