20% QBI Deduction Calculator

20% QBI Deduction Calculator

The amended Internal Revenue Code (courtesy Tax Cuts & Jobs Act ) now (from tax year 2018) provides 20% tax deduction for all self-employed or freelancers or estate or trust from a partnership, S corporation or sole proprietorship or s corporation or who have qualified business income.  The Qualified Business Income or QBI Calculator deduction calculator given below is for individuals -single or married and having maximum three pass through businesses .

20% QBI Deduction Calculator for Individuals