Tax Facts

OBBB Permanently Extends, Enhances Section 199A QBI Deduction

The 2017 TCJA created a new 20% deduction for qualified business income (QBI). This QBI deduction for pass-through entities was set to expire after 2025, along with many of the 2017 provisions. The 2025 OBBB made the 20% 199A deduction permanent. However, the 20% QBI...

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