In 2017, Congress passed the Tax Cuts and Job Act (TCJA), which introduced sweeping changes to the tax code, including a tax cut called the Qualified Business Income deduction. This bill allowed ...

A sizable tax deduction for the qualified business income of pass-through entities faces potential expiration next year. A panel of university economists and one of the most influential think tanks in ...

The 20% qualified business income (QBI) deduction for pass-through entities is among the provisions that is set to expire after 2025. Now, we have seen both the House and Senate's proposed ...

Entities that are taxed under the rules governing pass-through taxation are generally entitled to a 20 percent deduction for qualified business income (QBI, see Q 8931). This deduction is equal to the ...

Mercury reports the One Big Beautiful Bill Act introduces tax changes benefitting ecommerce, like a permanent 20% deduction ...

A tax break that served as a lifeline and springboard for small businesses throughout the last eight years is set to expire at the end of 2025, potentially placing a larger burden on locally owned ...

(NEXSTAR) – With many of former President Trump’s tax cuts due to expire next year, taxpayers may be wondering if there’s anything they should be doing now to prepare. Trump’s 2017 Tax Cuts and Jobs ...

While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after ...

With this year’s tax filing deadline quickly approaching, it’s important for self-employed individuals to get a clear sense of what they may owe and how they can minimize their tax bills. Even if you ...