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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. This calculator should only be used if the taxpayer's taxable income is above the 199A threshold so that the 50% of W-2 Wages test would apply and you want to figure out an ideal amount of wages to pay the S corporation shareholder-employee in order to optimize the 199A deduction. If the taxpayer's taxable income is below the 199A threshold then the W-2 Wages test would not apply.
These calculators do not represent tax, accounting, or legal advice. Individual taxpayers should rely on their own advisors. The authors and publisher expressly waive and disclaim any and all warranties concerning the calculators and their use or operation, whether express or implied, including without limitation, any warranty of merchantability or fitness for a particular purpose. The authors make no warranties as to the results to be obtained from the use of the calculators. You expressly agree that the use of the calculators is at your sole risk. The authors will not in any way be liable to you or any other person or entity for any damages, claims, liabilities or losses, regardless of cause, arising from the use of the calculators. The calculators are provided to you on an "as is" basis and without warranty of any kind.