Qualified business income deduction - Internal Revenue Service
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 – …
26 U.S. Code § 199A - Qualified business income | U.S. Code ...
Dec 1, 2017 · In the case of any taxpayer whose taxable income for the taxable year does not exceed the threshold amount, paragraph (2) shall be applied without regard to subparagraph (B).
Jan 23, 2024 · IRC Section 199A allows individuals, trusts, and estates with pass-through business income to deduct up to 20% of qualified business income (QBI) from taxable ordinary income.
Section 199A Deduction: The 20% Pass-Through Deduction That's ...
Nov 14, 2025 · When Congress created Section 199A as part of the Tax Cuts and Jobs Act, they intended to level the playing field between pass-through entities and corporations. The result is a …
Section 199A After OBBBA Permanent QBI Deduction Explained ...
Jan 5, 2026 · Section 199A is now permanent under the One Big Beautiful Bill Act. Learn how the qualified business income deduction applies to sole proprietors, S corporations, partnerships, and …
QBI Deduction for Sole Proprietors: 20% Pass-Through Rules 2026
Jan 9, 2026 · The Qualified Business Income deduction — commonly called the Section 199A deduction — allows eligible sole proprietors to deduct up to 20% of qualified business income from taxable …
Section 199A deduction: How do you qualify in 2026? | QuickBooks
Oct 31, 2025 · What is the Section 199A deduction? The Section 199A deduction, also known as the Qualified Business Income (QBI) deduction, allows eligible business owners to deduct up to 20% of …