AICPA Personal Financial Specialist (PFS) Exam

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A self-employed CPA earned $200,000 of qualified business income in 2025. Why might 2026 planning shift if Congress does not extend the §199A QBI deduction?

The 20% QBI deduction is currently scheduled to sunset after 2025, raising effective rates for pass-through owners in 2026 QBI is permanently set at 30% under the Inflation Reduction Act QBI applies only to C corporations and is unaffected by sunset QBI sunset eliminates the SALT cap immediately

Correct Answer:

The 20% QBI deduction is currently scheduled to sunset after 2025, raising effective rates for pass-through owners in 2026

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