Main Street Tax Certainty Act

This bill would make permanent a tax deduction that is currently set to expire at the end of 2025. The deduction allows individuals, estates, and trusts to deduct up to 20% of their qualified business income or 20% of their taxable income minus net capital gain, whichever is lower. Right now, this deduction goes away after December 31, 2025, but this bill would let people keep using it indefinitely.

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