Archived Posts: self-employed

The QBI Deduction: Good News for Eligible Business Owners

The QBI Deduction: Good News for Eligible Business Owners

If you’re a small business owner or you’re self-employed, there’s good news on the tax front. The Section 199A qualified business income (QBI) deduction, a powerful tax-saving opportunity since 2018, was initially set to expire in 2025. But thanks to the recent enactment of the One Big Beautiful Bill Act (OBBBA), it’s not only here to stay, it’s also improved.

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