AGI

Question 1

Deductible per Business

Answer 1

-Wage/Property Limitation

-Deductible = 20% of QBI limited to:

50% of W-2 Wages OR
25% of W-2 Wages + 2.5% of unadj basis of qual property

Question 2

Taxable Income Threshold

Answer 2

$0 - $383,900 Full Deduction

$383,900 - $484,900 Limitation

Over $484,9000 full limitation applies