In that case, it’s best to rely on a tax expert or software, such as H&R Block, to calculate your QBI deduction. You can also review the IRS instructions for Form 8995-A for additional guidance.

As a preliminary matter, the QBI deduction is ... subject to federal income tax withholding that are paid to your business’s employees and that are reported on Forms W-2 filed with the SSA ...

Use the Form 1040 instructions to figure out any tax deduction on that amount. The 20% QBI tax deduction is on Form 1040, Page 2, Line 9. Profit and prosper with the best of expert advice on ...

After-Tax 401(k) Contributions: Pros and Cons While that sounds like a valuable opportunity, the QBI deduction may turn out to be a deal killer for creating tax savings for small-business owners ...