Learn personal and professional finance terms to keep you in the know

A Specified Service Trade or Business (SSTB) is a category of professional service businesses defined by tax law that face A fixed dollar amount that reduces your taxable income, no questions asked. For the 2025 tax year, it's $15,750 for single filers and $31,500 for married couples filing jointly. Most taxpayers take the standard deduction because it's larger than their total itemized deductions.



