Episode
Enrolled Agent Exam [Part 2] 65, Section 199A QBI Deduction Overview
- Podcast
- Finance Exam Prep
- Published
- Jul 1, 2026
- Duration seconds
- 224
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
POST https://stenobird.com/v1/public/podcasts/finance-exam-prep-7658413/episodes/enrolled-agent-exam-part-2-65-section-199a-qbi-deduction-overview/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-65-section-199a-qbi-deduction-overview.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The QBI deduction offers up to a 20% deduction on income from pass-through entities like sole proprietorships, S-corps, and partnerships. - For 2024, the deduction is simplest for taxpayers with taxable income below $191,950 (Single) or $383,900 (Married Filing Jointly). - Above these income thresholds, the deduction for Specified Service Trades or Businesses (SSTBs) like law and accounting is phased out and eventually eliminated. - For non-SSTBs above the income thresholds, the deduction is limited by a formula based on W-2 wages and the unadjusted basis of business property. - A final overall limit applies: the QBI deduction cannot exceed 20% of taxable income minus net capital gains, a common exam trap. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep