Section 199A: Simple Below the Threshold… Complicated Above It

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Section 199A: Simple Below the Threshold… Complicated Above It

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About this listen

The Section 199A qualified business income deduction can put serious tax savings on the table for small business owners — but only if you understand how it actually works. Jeremy walks through who qualifies, how taxable income thresholds and specified service trade or business rules affect the deduction, and how wage and property limitations come into play for higher earners. He also covers the new $400 minimum QBI deduction introduced by the One Big Beautiful Bill Act, effective for tax year 2026.

(00:00) - Why QBI Exists
(02:22) - Episode Roadmap
(03:16) - Qualified Trade or Business
(05:21) - Base Deduction Basics
(06:23) - New 2026 Minimum Deduction
(07:50) - Defining Qualified Business Income
(11:23) - What Income Is Excluded
(16:46) - Taxable Income Thresholds
(20:30) - Wage and Property Limits
(24:22) - Planning With S Corp Wages
(28:44) - Wage Limit Court Case
(31:48) - Worked Example Jessica
(34:16) - Aggregation Election Rules
(36:03) - Specified Service Businesses
(41:01) - SSTB Phaseout Example
(43:27) - De Minimis and Anti Abuse
(46:32) - Rental Real Estate Safe Harbor
(52:16) - Key Takeaways and Wrap Up

Connect with Jeremy
https://www.linkedin.com/in/jwellstax
https://www.steadfastbookkeeping.com

Subscribe on YouTube
https://www.youtube.com/@TaxinAction

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This podcast is a production of Earmark Media

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