Impact of Qualified Retirement Plan Deduction on IRC 199A Deduction
Impact of Qualified Retirement Plan Deduction on IRC 199A Deduction      
       
Specified Service Trade or Business
   
Filing Status
   
Tax Year
   
Qualified Trade or Business Income (Before Qualified Retirement Plan Contributions)    
Qualified Retirement Plan Contribution (Amount Allocated to Owner) (Enter As Negative Number)    
Qualified Retirement Plan Contribution Deduction (Amount Allocated to Non-Owner Employees) (Enter As Negative Number)    
Qualified Trade or Business Income (After Qualified Retirement Plan Contribution Deduction)    
W-2 Wages Paid to Employees    
Qualified Property Unadjusted Basis    
Taxpayer's Other Net Income / (Deductions) To Get to Taxable Income    
       
       
Deduction With Qualified Plan Without Qualified Plan Difference
Taxable Income Before Deduction
IRC 199A Deduction
Taxable Income After Deduction
       
Federal Income Taxes on Taxable Income After Deduction
       
Federal Income Tax Savings By Having Qualified Plan Less Plan Contributions for Non-Owner Employees    
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Note that the pass-through deduction is available for taxable years beginning after December 31, 2017 and under current law will not be available for taxable years beginning after December 31, 2025. The decision to establish a qualified retirement plan involves many factors, including complying with ERISA rules such as non-discrimination testing and having to make contributions for employees. The decision to establish a qualified retirement plan should generally not be based solely on the ability to take an IRC 199A deduction. Advisors should take other factors into consideration.

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