• By Ava Mitchell
• July 19, 2024July 19, 2024
• Leave a Comment on QBI Deduction Phase-Out 2024: What It Means for Small Business Owners

QBI Deduction Phase-Out 2024: What It Means for Small Business Owners

QBI Deduction Phase-Out 2024: The Qualified Business Income (QBI) deduction, introduced by the Tax Cuts and Jobs Act (TCJA) of 2017, has provided a valuable tax benefit to small business owners and self-employed individuals. This deduction allows for a