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Taxes 🏛 IRS

Qualified Business Income Deduction (Section 199A)

Pass-through business owners may deduct up to 20% of qualified business income. The deduction phases out for specified service trades above income thresholds ($182,050 single / $364,200 married for 2023). Applies to sole proprietors, partnerships, S corps, and LLCs.

Source Agency
IRS
Last Verified
March 1, 2026
Next Review
May 30, 2026
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