Episode Details
Back to EpisodesA Guide to the Business Pass-Through Deduction
Season 1
Episode 130
Published 7 months, 2 weeks ago
Description
The Section 199A pass-through deduction, also known as the Qualified Business Income (QBI) deduction, offers significant tax savings for eligible business owners. This deduction allows certain individuals to deduct up to 20% of their qualified business income from domestic businesses operated as a sole proprietorship, partnership, S corporation, trust, or estate.