Business
Qualified Business Income (QBI) Deduction
Definition
Also known as the Section 199A deduction. Allows eligible self-employed and small business owners to deduct up to 20% of their qualified business income. Subject to income thresholds and limitations for specified service businesses.
Related Terms & Forms
Let TaxScout.ai handle the complexity
AI-powered tax preparation that understands every term, form, and rule.
Request Early Access