$
$
$
$
QBI Deduction
$20,000
$20,000
QBI Deduction
Tax Savings
$4,733
20% of QBI
$20,000
Phase-Out
0.00%
Summary
Your QBI deduction is $20,000, saving $4,733 in federal income tax.
The QBI deduction allows eligible pass-through businesses to deduct up to 20% of qualified business income, reducing taxable income.
This deduction saves you $4,733 in federal income tax.
Tax Without QBI$21,647
Tax With QBI$16,914
QBI Deduction Breakdown
6 rows
| Item | Amount |
|---|---|
| Qualified Business Income | $100,000 |
| 20% of QBI | $20,000 |
| W-2/Property Limit | $0 |
| 20% of Taxable Income | $24,000 |
| QBI Deduction | $20,000 |
| Tax Savings | $4,733 |
Estimate based on Section 199A QBI deduction rules. Does not account for aggregation of multiple businesses, carryforward losses, or REIT/PTP income. Not tax advice.