The end of this tax break could be ‘very disruptive' to business owners, expert says — what to know

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

News Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The qualified business income deduction could expire after 2025 without changes from Congress. Here’s what to know.

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.

"It's something that is very important to a lot of privately held businesses," said Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center., which report income at the individual level, such as sole proprietors, partnerships and S-corporations, along with some trusts and estates.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 545. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines