Once a taxpayer reaches certain taxable income thresholds, § 199A limits the qualified business income (QBI)
deduction. These thresholds ($321,400 for married taxpayers filing jointly and $160,700 for all other taxpayers in
2019) are indexed for inflation every year.

Question

Quizplus · Accepted Answer

The § 199A deduction, also known as the Qualified Business Income deduction, does indeed have income thresholds that limit the deduction for certain taxpayers. These thresholds are adjusted annually for inflation, affecting the deduction amounts for married taxpayers filing jointly and all other filing statuses.

Once a Taxpayer Reaches Certain Taxable Income Thresholds, § 199A