Institute on Taxation and Economic Policy (ITEP)

August 19, 2026

Which States Have Not Decoupled from QSBS in 2026?

Map • ITEP Staff

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QSBS allows millionaire investors to pay zero income tax on their profits. It’s been best known as a tax avoidance strategy for Silicon Valley companies like Uber, Zoom, and DoorDash, but Bloomberg News reports that the tax break has become so lucrative – especially after its expansion in the 2025 Trump tax law  – that clever tax lawyers are teaching lots of other kinds of businesses how to exploit it, too.

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