qbi deduction limit

qbi deduction limit

The Surprising Fix for Small Business Taxes?

Answer: Restructuring as an S-Corporation to capture the higher qualified business income (QBI) deduction threshold is the most effective fix for many small businesses hovering around the $200,000 income line. The 2024 qualified business income (QBI) deduction threshold rose by $40,000, moving from $170,000 to $210,000.