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For taxpayers that using the single filing status whose taxable income exceeds the qualified business income threshold p

Posted: Sun Jul 03, 2022 6:56 am
by answerhappygod
For taxpayers that using the single filing status whose taxableincome exceeds the qualified business income threshold plus$50,000, their QB I deduction is limited to: 20% of the QBI. 25% oftotal wages paid plus 2.5% of the unadjusted basisof depreciable property. The lesser of 20% of QB I were thegreater of 50% of total wages paid by the qualified business or 25%of the total wages paid plus 2.5% of the unadjusted basis ofdepreciable property. The sum of 50% of total wages paid by thebusiness to its employees.