Qualified Business Income Deduction (QBI)

The Tax Cuts and Jobs Act (TCJA) of 2017 introduced a new tax deduction for qualified business income (QBI) for pass-through entities such as partnerships, S corporations, sole proprietorships, and certain real estate investment trusts (REITs). The QBI deduction is available for tax years 2018 through 2025 and allows eligible taxpayers to deduct up to […]

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