Once a taxpayer reaches certain taxable income thresholds, § 199A limits the qualified business income (QBI) deduction. These thresholds ($315,000 for married taxpayers filing jointly and $157,500 for all other taxpayers) are indexed for inflation after 2018.

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This statement is true as per the Tax Cuts and Jobs Act (TCJA) of 2017. The thresholds for the § 199A deduction are $315,000 for married taxpayers filing jointly and $157,500 for all other taxpayers. These thresholds are adjusted for inflation annually after 2018, as per the Internal Revenue Service (IRS).

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