$34,000 Into the QBI Phase-In Range Already Costs You $3,400 of Your 20% Deduction
We ran $200,000 of qualified business income through the calculator at $428,600 taxable income (MFJ) — $34,000 into the 2025 phase-in range. The W-2 wage limitation already cuts a non-SSTB business's deduction from $40,000 to $36,600.