The U.S. Congressional Research Services (CRS) has published a new "Insight" report dated 18 August 2023 on The Debate Over Extending the Section 199A Deduction for Qualified Business Income. The Section 199A deduction, which is scheduled to expire at the end of 2025, was introduced as part of the 2017 Tax Cuts and Jobs Act and allows individuals to deduct up to 20% of the qualified business income from a pass-through firm, including sole proprietors, S corporations, and partnerships. The report provides an overview of the deduction, information on the use of the deduction, and evidence on the impact of...