Qualified Business Income Deduction
• Deduction equals 20% of Qualified Business
Income
• Generally available to owners of pass-through
businesses
• Limited for Specified Service Businesses
• Limited by the business owner’s taxable
income

Eligible Taxpayers
• Owners of:
– Sole proprietorships (Schedule C)
– Sole owners (or TIC owners) of rental real estate
(Schedule E)
– S-Corporation owners (Form 1120S)
– Partnership owners (Form 1065)

 

Eligible Taxpayers

TYPES OF TAXPAYERS THRESHOLD AMOUNT

Single persons $ 160,400
Married persons $ 321,700
Estates $ 160,400
Non-grantor completed gift trusts $ 160,700
Non-grantor incomplete gift trusts $ 160,700
Children subject to the “kiddie tax” $ 160,700