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20% Qualified Business Income Deduction (QBI)n2018 is going to be the first year that permits owners of sole proprietorship's, S corporations, partnerships, trust or estate to deduct up to 20% of earned income by the business. Who qualifies for deduction? Basically, all trades of businesses except some “specified trade or business”, but exclude engineering and architecture services. nTo qualify for the deductions for any kind of business, before looking into any limitations or exceptions to limitations, the owner’s taxable income should be under $157,500 for single filers (or all others) or under $315,000 if married filing jointly, that will be considered the easiest calculations, as long as your taxable income fall under the threshold amounts, then you can deduct 20% of QBI.nBut, If the taxable income is between $157,500 & 207,500 for single filers (or all others) or between $315,000 & 415,000 if married filing jointly, limitations and exceptions to limitations will apply and you should check with you accountant. However, once your taxable income exceeds those thresholds, the tax laws limits who can qualify for the QBI, for example, service businesses including doctors, lawyers, accountants, actuarial science, performing arts, consulting, athletics, financial advisors and brokerage services, may not be able to take advantage of the deduction if their income is too high and above the threshold, However, the law exclude engineering and architecture services from the threshold limitation (Lucky them!).nThe potential for tax benefits associated with the 20% QBI rules are complex, please make sure to check with your accountant to determine if your business qualifies for that deduction.