The Qualified Business Income Deduction: Changes in 2026

If you own a business, there’s one tax break you’ve probably heard about in nearly every planning conversation, the qualified business income deduction, or QBI. It lets many owners of pass-through businesses, like S corporations, partnerships, and LLCs, deduct up to 20% of their business profit. If you hear 20% and picture a refund or a credit, you’re not alone. It’s neither. It lowers the income you’re taxed on, not the tax itself.

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