As a preliminary matter, the QBI deduction is ... subject to federal income tax withholding that are paid to your business’s employees and that are reported on Forms W-2 filed with the SSA ...

When Congress passed the TCJA in 2017, they permanently reduced the corporate tax rate from 35% to 21%. To ensure that small businesses weren’t disadvantaged, they introduced the QBI deduction ...

The Tax Cuts and Jobs Act (TCJA introduced new deductions, like the qualified business income (QBI) deduction (see number 16, ...

Also, the rental income generally isn’t subject to self-employment tax. If you qualify, you take the 20% QBI deduction on line 10 of the 2019 Form 1040 and attach either Form 8995 or 8995-A ...

The Tax Cuts and Jobs Act of 2017 created the qualified business income, or QBI, deduction, which allows owners of eligible businesses to deduct up to 20% of qualified business income. It's a ...