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The Qualified Business Income Deduction: Learn More How It Can Help your Small Business Client

April 25, 2023 (3 min read)

Many owners of sole proprietorships, partnerships, S corporations, and some trusts and estates may be eligible for a qualified business income (QBI) deduction—also called the Section 199A deduction. The deduction allows eligible taxpayers to deduct up to 20% of their QBI, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Income earned through a C corporation or by providing services as an employee is not eligible for the deduction. Learn more about the filing requirements to claim the QBI deduction by reading this practice note.

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  • Tax Key Legal Developments Tracker (Federal)—keep up to date with key legal developments! 
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