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Debate: Should the Tax Bill Increase the Business Income Deduction?
Expert Opinion June 26, 2025 at 07:38 PM
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What You Need To Know
- The House draft would raise the 20% qualified business income deduction to 23%.
- The Senate draft creates an inflation-adjusted, minimum deduction of $400 for taxpayers who have at least $1,000 of QBI.
- The House would phase in existing businesses and wage and investment limitations at a fixed rate.
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