Here’s how many people claimed this new 20% small-business tax break

Here’s how many people claimed this new 20% small-business tax break

Portrait of small business owner
MoMo Productions | Taxi | Getty Images

The tax overhaul unveiled a new 20% tax deduction for small business owners in 2018 — and just over 1 in 10 filers so far have claimed it.
The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act, which went into effect last year.
This new tax break allows owners of “pass-through”…

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