Checkpoint Learning

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A Quick Look at the Qualified Business Income Deduction (QBID)  

CATEGORY: Taxation
COURSE ID: NAN011, VERSION 3.00
  Nano Learning
0.2 CPE Credits
Level: Basic

The deduction under Section 199A, better known as the Qualified Business Income Deduction (QBID), was introduced by the Tax Cuts and Jobs Act. While it sounds fairly simple as a deduction for twenty percent of qualified business income from a qualified trade or business, the calculation can become quite complex. This course looks at fairly simple examples for those taxpayers under the taxable income threshold.

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