How many owners of pass-throughs claim the QBI deduction?

According to IRS statistics, during the 2023 filing season, over 40 million owners of pass-through entities claimed the qualified business income (QBI) deduction using the simplified form—Form 8995, Qualified Business Income Deduction—Simplified Computation. This form is used by owners with taxable income not exceeding threshold amounts for the year. Owners whose income exceeded the threshold but were still able to claim some QBI deduction using Form 8995-A filed over 4.2 million forms (total QBI deductions claimed were 44,607,092). Note: The QBI deduction is scheduled to end on December 31, 2025, unless Congress extends it or makes it permanent. #IdeaoftheDay