The Qualified Business Expense Tax Credit Expires Soon -- Here's What It Could Cost Your Small Business

By Yahoo! Finance | Sep 7, 2024 at 06:30 AM EST

The Tax Cuts and Jobs Act introduced the Qualified Business Income deduction, benefiting small businesses by allowing up to a 20% deduction. Its expiration in 2025 could lead to significant tax increases for businesses. Owners should consider other strategies to reduce tax liabilities.

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