10 Facts About the Pass-Through Deduction for Qualified Business Income

pass-through-deduction-for-qualified-business-income

Are you eligible for the qualified business income (QBI) deduction? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction, or Section 199A deduction. 1. It’s available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations. It may also be claimed by […]