← U.S. Wealth Inequality & the OBBBA
The OBBBA permanently made the 20 percent Qualified Business Income (QBI) deduction, with a new minimum deduction of $400 for those with at least $1,000 in qualified business income.
reported by one outlet so far · Reported fact · first recorded Jul 9, 1:30 PM
How each outlet reported it
stuttgartdailyleader.comUnrated · Jul 9, 12:46 PM
The 20 percent Qualified Business Income (QBI) deduction has been made permanent
Details: 20 percent QBI deduction
stuttgartdailyleader.comUnrated · Jul 9, 12:46 PM
A new minimum QBI deduction of $400 is available to those with at least $1,000 in qualified business income
Details: $400 minimum deduction; $1,000 qualified business income threshold