The Blog on Bookkeeping Services for Contractors

There was a lot of uncertainty around the Qualified Business Income (QBI) deduction. Many business owners were preparing for it to disappear. The good news? It’s officially staying for 2025 thanks to the One Big Beautiful Bill Act (OBBBA). If you own a pass-through business, this is a tax opportunity you don’t want to ignore. What Is the QBI Deduction, Really? Think of the QBI deduction as a 20% off coupon on your federal income taxes. If your business generates $200,000 in q