QBI Deduction (Qualified Business Income)
TaxesA deduction allowing self-employed individuals and small business owners to deduct up to 20% of qualified business income.
Example
Example: On a $75,000 salary, understanding qbi deduction (qualified business income) could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how qbi deduction (qualified business income) works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.