What is the passthrough deduction? - Community

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What is the passthrough deduction?

The passthrough deduction is also known as the qualified business income deduction. It is in effect for tax years 2018 through 2025.

It allows taxpayers to deduct up to 20% of qualified business income from their taxes. TurboTax will automatically calculate how much you can deduct.If you’d like to learn more about the qualified business income deduction, we have more information you can read.

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