Eligible taxpayers may quality to take the full 20% deduction for Qualified Business Income (or 20% of taxable income, whichever is less) when their 2020 taxable income is: More than the threshold of 5326,600 for MF] taxpayers Less than the threshold of $163,300 for single taxpayers Between the income thresholds for all filing statuses There is no threshold when considering the QBI deduction