What is the Qualified Business Income (QBI) Deduction?

Introduced under the Tax Cuts and Jobs Act (TCJA) of 2017, the Qualified Business Income (QBI) Deduction lets qualifying self-employed people and pass-through business owners deduct up to 20% of their taxable income from their qualified business income. Small business owners, freelancers, and some investors benefit from this deduction in terms of tax load. Who […]

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