QBI Deduction Calculator

Calculate your Section 199A Qualified Business Income deduction with W-2 wage limits, UBIA property tests, and SSTB phase-out rules for 2024.

Tax Disclaimer

This calculator provides estimates based on general tax rules and may not reflect your specific situation. Tax laws vary by jurisdiction and change frequently. Consult a qualified tax professional or CPA for advice tailored to your circumstances.

Inputs

Qualified Business Income ($)

Total Taxable Income ($)

W-2 Wages Paid by Business ($)

UBIA of Qualified Property ($)

Filing Status

Specified Service Business (SSTB)?

Tab to move between fields

Results

QBI Deduction (Section 199A)

$29,195

Estimated Tax Savings

$7,007

Effective QBI Deduction Rate19.46%

Tentative Deduction (20%)$30,000

W-2 / UBIA Limit$25,000

Taxable Income Limit (20%)$40,000

How to Use This Calculator

Enter Qualified Business Income from your pass-through entity (sole prop, partnership, S-corp, or LLC).
Set Total Taxable Income — the phase-out range begins at $191,950 single / $383,900 MFJ (2024).
Enter W-2 Wages Paid by the business — the W-2 wage limitation applies above the phase-out range.
Set UBIA (unadjusted basis of qualified property) if you have significant depreciable business assets.
Select Specified Service Business (SSTB) — law, medicine, consulting, and other SSTBs lose the deduction above the phase-out.
Review QBI Deduction (Section 199A) and Estimated Tax Savings.

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