Author: Jeff Benson

Overview of Qualified Business Income Deduction

January 24, 2018 by Jeff Benson
Copeland Buhl
The Tax Cuts and Jobs Act adds a new deduction for noncorporate taxpayers for qualified business income (QBI). The deduction is also referred to as the “pass-through deduction.” It should provide a substantial benefit to individuals with QBI.  The deduction reduces taxable income, rather than adjusted gross income, but is...
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