Eligible taxpayers may qualify to take the full $20\%$ deduction for

qualified business income $($or $20\%$ of taxable income, whichever is

less$)$ when their $2024$ taxable income is:

More than the threshold of $$383,900$ for married filing

joint taxpayers

Less than the threshold of $$191,950$ for single taxpayers

Between the income thresholds based on filing status

There is no threshold when considering the QBI

deduction