What is the Qualified Business Income Deduction? – C-Suite Network
August 12, 2023 ⚊ 1 Min read ⚊ Views 48 ⚊ BUSINESS
The Qualified Business Income Deduction (QBI), also known as Section 199A, is a tax provision of the Tax Cuts and Jobs Act of 2017. This deduction allows businesses to reduce their taxable income by up to 20% of the business’s qualified business income. QBI applies to certain pass-through entities such as sole proprietorships, partnerships
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