The 20% qualified business income (QBI) deduction for owners of pass-through entities is set to expire at the end of 2025. However, the Main Street Tax Certainty Act (H.R. 1381; S. 480) would make the QBI deduction permanent. The measure has bi-partisan support, but a similar measure proposed two years ago failed to be enacted. The current measure is supported by the SBE Council, NFIB, and many other advocacy groups and trade associations. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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