Qualified Business Income Deduction (QBI)

May also be referred to as Section 199A. A Qualified Business Income Deduction is intended for self-employed people, as well as small-business owners. This tax deduction allows those eligible to deduct up to 20 percent of their qualified business income (QBI) and can additionally deduct 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income from their taxes.