December 5, 2024

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20 Business Deduction For 2025

20 Business Deduction For 2025. Qualified business interest (qbi) deduction: This deduction allows eligible small business owners to reduce their taxable income by 20%, meaning less.


20 Business Deduction For 2025

The bonus 20% deduction for eligible expenditure under the skills boost and/or the technology boost will be available where a small business (with aggregated turnover less than $50 million). Enacted via the tax cuts and jobs act of 2017, the qualified business income deduction, or qbi, is worth up to 20% of eligible revenue, subject to limitations.

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