Free 2018 Tax Planning2019-01-05T15:05:52+00:00

Free 2018 Tax Planning

Qualified business income deduction

The qualified business income deduction also known as qbi deduction is 20% of qbi income.

When taxable income is below $315,000 for a married person filing jointly and $157,500 for other filing status. The qbi deduction is very easy to calculate.

See excel spreadsheet for calculation

Read next lesson to see what happends when taxable income is above threshold.