One of the purposes of the qualified business income deduction was to reduce the taxes on businesses that are operating in noncorporate business forms (e.g., sole proprietors, partnerships, and S corporations).

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The qualified business income deduction was specifically designed to benefit businesses operating in noncorporate forms, such as sole proprietors, partnerships, and S corporations. Its purpose was to help reduce their taxes and make them more competitive with larger corporations that pay lower tax rates.

One of the Purposes of the Qualified Business Income Deduction