Permanent Tax Deduction for Small Businesses: Greater Certainty for Entrepreneurs.
This act makes the tax deduction for qualified business income permanent. This means small business owners and entrepreneurs can expect more stable and predictable lower tax burdens, making financial planning and investments easier.
Key points
Small business owners and entrepreneurs gain a permanent right to deduct a portion of their income from taxes.
This change provides greater financial stability and predictability for many American businesses.
Expired
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