QBI deduction (20% pass-through)
Up to 20% of business income
Can You Write Off QBI Deduction?
Short answer: Yes: owners of pass-through businesses can deduct up to 20% of qualified business income, and the 2025 law made it permanent.
Higher earners in service businesses face phase-outs; a new $400 minimum applies from 2026 for active owners with at least $1,000 of QBI.
Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.
QBI deduction (20% pass-through)
Up to 20% of business income
General Business
Yes: owners of pass-through businesses can deduct up to 20% of qualified business income, and the 2025 law made it permanent.
Business justification
Yes: owners of pass-through businesses can deduct up to 20% of qualified business income, and the 2025 law made it permanent. Higher earners in service businesses face phase-outs; a new $400 minimum applies from 2026 for active owners with at least $1,000 of QBI.
Category
- Business Write-Off Questions