Shannon B1
Expert Alumni

Business & farm

The QBI deduction amount depends on your total taxable income, which includes wages, interest, capital gains, and other income, in addition to income from your business. If your taxable income reaches or exceeds $191,950 (or $383,900 if filing jointly), the deduction may be reduced or eliminated, depending on the nature of your business.  Here's a TurboTax Help Article that explains more on this topic.