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1. www.irs.gov › formForms, Instructions & Publications - Internal Revenue Service

   www.irs.gov › form

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   Nov 14, 2023 · Access IRS forms, instructions and publications in electronic and print media.

2. www.teachmepersonalfinance.com › irs-form-8995IRS Form 8995 Instructions - Your Simplified QBI Deduction

   www.teachmepersonalfinance.com › irs-form-8995

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   Apr 3, 2023 · In 2018, the Tax Cuts and Jobs Act (TCJA) introduced a new type of tax deduction for businesses operating as pass-through entities: the qualified business income deduction, or QBI. This article walks you through how to use IRS Form 8995 to determine: Whether you are eligible to take the QBI deduction on your federal income tax return.

3. www.irs.gov › pub › irs-prior2022 Form 8995-A - Internal Revenue Service

   www.irs.gov › pub › irs-prior

   Use this form if your taxable income, before your qualified business income deduction, is above $170,050 ($340,100 if married filing jointly), or you’re a patron of an agricultural or horticultural cooperative.

4. www.teachmepersonalfinance.com › irs-form-8995-aIRS Form 8995-A: Your Guide to the QBI Deduction

   www.teachmepersonalfinance.com › irs-form-8995-a

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   Dec 8, 2022 · In 2017, Congress passed the Tax Cuts and Jobs Act (TCJA), which created the qualified business income deduction to help business owners mitigate the impact of double taxation. The Internal Revenue Service (IRS) created a new tax form, IRS Form 8995, to help provide a simplified computation of their new deduction. In this article, we’ll review the complete version of that tax form, IRS Form ...

5. support.taxslayer.com › hc › en-usHow do I complete form 8995? - Support

   support.taxslayer.com › hc › en-us

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   Form 8995 is a newly created tax form used to calculate the Qualified Business Income Deduction (QBID). In some circumstances, form 8995-A may be used to calculate this deduction instead. How do I ...

6. www.irs.gov › pub › irs-access2022 Form 8995-A - Internal Revenue Service

   www.irs.gov › pub › irs-access

   Use this form if your taxable income, before your qualified business income deduction, is above $170,050 ($340,100 if married filing jointly), or you’re a patron of an agricultural or horticultural cooperative.

7. turbotax.intuit.com › tax-tips › irs-tax-formsWhat is Form 8995-A? - TurboTax Tax Tips & Videos

   turbotax.intuit.com › tax-tips › irs-tax-forms

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   Since your income is below the $182,100 threshold for tax year 2023 mentioned above, you would calculate your pass-through deduction on the simplified form, Form 8995. However, if your total taxable income before the qualified business income deduction is $185,000, you would need to use 8995-A for tax year 2023 instead. TurboTax Tip: