The qualified business income deduction is limited to 20% of taxable income not including long-term gains and qualified dividends.

Name: The qualified business income deduction is limited to 20% of taxable income not including long-term gains and qualified dividends.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

The qualified business income deduction is generally limited to 20% of taxable income, excluding long-term capital gains and qualified dividends, as these are not considered part of qualified business income.

The Qualified Business Income Deduction Is Limited to 20% of Taxable