What Exactly is Section 199-A and the Qualified Business Income Deduction (QBID)? In 2017 as part of the Tax Cuts and Jobs Act under the Trump Administration, the Corporate Tax rate was reduced from 35% to 21%. Non-corporate taxpayers now faced a higher comparative tax burden than corporations, so to level the playing field between … Continue reading The Basics Surrounding I.R.C. § 199A- Qualified Business Deduction