Yes. OBBBA makes the 20% QBI deduction permanent for pass-through entities (S Corps, partnerships, sole proprietorships).
- Phaseout thresholds: $75,000 (single) and $150,000 (joint), indexed for inflation.
- New minimum deduction: $400 once QBI exceeds $1,000.
Sample Scenario: Maria owns a small consulting firm structured as an S Corp. Her QBI is $120,000. Under OBBBA, she qualifies for the full 20% deduction, reducing taxable income by $24,000.