I'm actually doing the taxes myself. I just have this one question in regards to the 20% pass through.
How do the calculations change if you are married with a spouse that's a w-2 employee? Do I just take my net on my schedule minus the 1/2 SE tax deduction, SE health insurance deduction, and employer retirement contributions and then multiply the 20%? For example, my net income of $9,773 minus the 1/2 SE employment deduction puts me at $9,082. Would the 20% deduction be $1,816? or do I get the full deduction of $1955 because my wife has a w-2 income of $46,471? I'm a little confused.
