199A Deduction Calculator  
 
 
Enter Information      
Single or Married Enter, then tab to next cell    
Defined Taxable Income    
Qualified Business Income (QBI) For definition of qualified business income see "Tax Reform: Wow, New 20 Percent Deduction for Business Income"    
Specified Service Business?    
Wages Paid by Business    
Qualified Property in Business For definition of qualified property see "Tax Reform: Wow, New 20 Percent Deduction for Business Income"    
         
Results      
Your 199A Deduction:    
       
       
       
Calculation Details      
     
Calculation if Below Phaseout Range     Calculation for Non-Service Business If in Phaseout Range   Calculation for Specified Service Business If in Phaseout Range    
Lesser of:     20% of QBI   20% of QBI (multiplied by applicable percentage)  
20% of QBI   Greater of Wage and Asset   Greater of Wage and Asset (multiplied by applicable percentage)  
20% of Defined Taxable Income   Difference Between QBI and Greater of Wages/Assets   Difference Between QBI and Greater of Wages/Assets  
Deduction Limit   Reduction to QBI   Reduction to QBI  
      Phaseout Deduction   Phaseout Deduction  
         
      Calculation for Non-Service Business Above Phaseout     Calculation for Specifed Service Business If Phased Out    
      20% of QBI (or Taxable Income if lower)   No Deduction Allowed  
      50% of Wages        
      25% of Wages        
      2.5% of Assets        
      Greater of 50% Wages vs. 25% Wages & Assets        
Copyright 2018 by W. Murray Bradford, CPA, Ver. 1.7     Lesser of QBI (or Defined Taxable Income) and Wage/Asset