<ul data-eligibleForWebStory="false"><li>The One Big Beautiful Bill Act will increase the QBI deduction for pass-through businesses and gig workers from 20% to 23% starting in 2026, with the elevated rate being made permanent.</li><li>The tax break benefits high-income individuals, particularly specified service professionals, while offering less to low- and moderate-income workers.</li><li>Data suggests that the top 1% of taxpayers received a significant portion of the pass-through business income, with high earners benefiting more from the QBI deduction due to higher tax rates.</li><li>Despite the tax break, there is no evidence linking the QBI deduction to increased business market growth, investments, job creation, or higher wages for pass-through business employees.</li></ul>

Small Business And Gig Workers Score A 23% Tax Break Under New Law

Discover more