The Qualified Business Income Deduction, or 199A QBI Deduction, is an incredibly powerful new and legal tax deduction that you can use to save money on your taxes if you are self-employed and own a pass-through taxation business entity, such as a partnership, s-corp, LLC or Limited Liability Company, or even a sole proprietorship.
If you own a small business in 2020, you definitely want to take advantage of this important tax benefit!
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