The QBI Deduction Is Permanent — And Most S-Corp Owners Still Don't Understand It | Books & Backbone

The Qualified Business Income deduction allows S-Corp owners, LLC owners, and other pass-through business owners to deduct up to 20% of their qualified business income from their taxable income. It's been available since 2018. The One Big Beautiful Bill Act made it permanent in July 2025.Most S-Corp owners still don't fully understand it.In this solo episode of Books & Backbone, Donna Harris — MBA, MAcc, and tax preparer — breaks down the QBI deduction completely. What it is, who qualifies, how the calculation works above the income thresholds, why the W-2 salary an S-Corp owner pays themselves directly affects the deduction, and why four out of five business owners she encounters aren't capturing it correctly.She also covers the four things to do before December 31 to make sure you're getting the full deduction you're entitled to — including why none of it works without clean, accurate, current books.The deduction is there. Make sure you're getting it.Donna Harris, MBA, MAccCEO, Bookkeeping Made Simple LLCmysimplebookkeeping.com | 801-692-0032