Qualified Business Deduction – 2018 Calculator

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Based on legislation passed in the Tax Cuts and Jobs Act, the Qualified Business Deduction calculates the new 20% deduction for qualified business income (QBI) for a single business activity.

Field Input
Filing Status Married Filing Joint
Professional Services Yes
Business Income 125,000
W-2 Wages 26,000

The qualified business deduction is $10,085.95.

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