Here's how the phase-in works: If your taxable income is at least $50,000 above the threshold, i.e., $207,500 ($157,500 + $50,000), all of the net income from the specified service trade or business is excluded from QBI. (Joint filers would use an amount $100,000 above the $315,000 threshold, viz., $415,000.)

What is the Qbi phase out for 2020?

In general, total taxable income in 2020 must be under $163,300 for single filers or $326,600 for joint filers to qualify. In 2021, the limits rise to $164,900 for single filers and $329,800 for joint filers.

Is there a phase out for Qbi?

QBI Phase Out Based on Income Levels

Certain individuals and couples don't qualify for a full QBI deduction if their taxable income exceeds the threshold amount, which is $163,300 for individuals and $326,600 for married couples as of 2020.