Qualified Business Income Deduction (199A)
January 23, 2019
Many taxpayers, other than C corps, with Qualified Business Income (QBI) from a Qualified Trade or Business (QTB) may take this Qualified Business Income Deduction (QBID) of up to 20%. There are exceptions that can reduce or eliminate this deduction. But, if your taxable income, before QBID, is less than $157,500 filing single, or $315,000 filing jointly, you may still qualify for the full deduction.
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