20% QBI Deduction Calculator

By Prashant Thakur Last updated Oct 11, 2019

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

Prashant Thakur179 posts 48 comments

Prashant Thakur is a tax advisor . He has written two books on tax laws of India. He regularly writes on his paid-only website http://taxworry.com. He is learning about the Internal Revenue Code of USA as many of clients and readers are of India origin and also are tax resident of USA . So . solving their tax issues require reference to IRC of USA.

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