You can preview your Form 1040 and without paying; instructions are linked below. Look on Line 10. Your tax summary is also available, pre-payment of fees.
The deduction depends on the taxpayer’s total taxable income, which includes wages, interest, capital gains, etc. in addition to Qualified Business Income. At higher income levels, whether or not the business is an SSTB will also play a role.
For incomes under $191,950($383,900if filing jointly): The calculation is straightforward—20% is applied to QBI or taxable income minus capital gains and dividends (whichever is less) to come up with the deduction.
Preview Form 1040 in TurboTax Online.
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