Consulting is specifically excluded from the deduction if taxable income is greater than the threshold amount. For 2021 the threshold is:
- Married Filing Joint- $329,800 with a prorated deduction for income up to $429,800
- Married Filing Separate-$164,925 with a prorated deduction for income up to $214,925
Individuals with taxable income below these threshold levels are not subject to the limitations.
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