The income threshold for the Qualified Business Income Deduction has increased for tax year 2019. The new thresholds are:
- Married Filing Joint -$321,400
- Married Filing Separate - $160,724
- All other filing statuses - $160,700
If your income is above the threshold, or you have a 1099-PATR, the deduction will be calculated on form 8995-A. If your income is below the threshold, Form 8995 will be used.