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Income Tax Planning
Chapter 7: Itemized Deductions/3 TIERS OF IRC SECTION 199A (2026)
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Chapter Study Session

Chapter 7: Itemized Deductions

3 TIERS OF IRC SECTION 199A (2026)

01.Core Concepts

Is taxable Income < $403,500 (MFJ) or $201,750(other)? Yes Tier 1 Deduction = lesser of: 1) QBI x 20%, or 2) ATI x 20% No Is taxable income > $553,500 (MFJ) or $276,750 (other)? Yes Is the business a specific service business? Yes No deduction No Tier 2 Deduction reduced No Tier 3 Deduction = lesser of: 1) QBI x 20% or 2) The greater of: · W-2 wages x 50% or · (W-2 wages x 25%) + (2.5% x unadjusted basis of QP (qualified property))