The Freedom for Small Businesses Act of 2019 (H.R. 2971) would greatly enhance the qualified business income (QBI) deduction for owners of pass-through entities. It would raise the deduction amount from 20% to 43% (47% after 2025). And it would eliminate the limit based on W-2 wages and the bar to high-income owners in specified service trades or businesses (SSTBs). If enacted (and it’s a big if), the changes would apply after 2019.