The Section 199A QBI deduction provides a 20% deduction on qualified business income from pass-through entities such as S-corps, partnerships, sole proprietorships, and LLCs. The One Big Beautiful Bill Act of 2025 allows for this deduction. Limitations apply to specified service trades or businesses (SSTBs) like law, accounting, medical practice, and consulting. The deduction phase-in ends at $276,750 (single) or $553,500 (married filing jointly) in 2026. If you own a pass-through business, you may qualify and be able to maximize the deduction.
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