199A Deduction Calculator  
 
 
Enter Information      
Single or Married Enter, then tab to next cell    
Taxable Income    
Net Capital Gains      
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  
* Defined Taxable = Taxable Income - Net Capital Gains     Phaseout Deduction   Phaseout Deduction  
         
      Calculation for Non-Service Business Above Phaseout     Calculation for Specifed Service Business If Phased Out    
      20% of QBI (or Defined 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