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What is the qualified business income deduction?

The qualified business income deduction (QBI) is a tax deduction that allows eligible self-employed and small-business owners to deduct up to 20% of their qualified business income on their taxes.

Who qualifies for the qualified business income deduction?


  • - Sole proprietorship?s.

  • - Partnerships.

  • - S corporations.

  • - Limited liability companies (LLCs).


For more support, contact your Tax expert.