Learn how the 20% qualified business income deduction works for 2025, including income thresholds, SSTB limits, W-2 wage rules, and how the new tax law made this popular small-business tax break permanent.
The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of the income earned from the business.
This deduction is available whether you itemize deductions or not. It is broadly subjec… [4098 chars]
Source: Albuquerque Journal | Published: 2026-02-01T13:00:00Z
Credit: Albuquerque Journal
