There is good news for small business owners! For purposes of this article, we are discussing Qualified Business Income (QBI), which is income that your business generates; not dividends nor interest). Beginning with the 2018 tax year, many small business owners are eligible to deduct 20 percent from their small business income. For example, if your small business earns $100,000 in operating income, you can deduct 20 percent ($20,000) to arrive at $80,000 taxable income. For