1 Your details & eligibility

The 2025 simplified-form limit is $197,300 ($394,600 if married filing jointly).

Use the amount from the current Form 8995 instructions, not gross income. For Form 1040 / 1040-SR, subtract Lines 12e and 13b from Line 11a. Separate computations apply to other returns.

Taxpayers over the applicable threshold or specified cooperative patrons must use Form 8995-A. Partnerships and S corporations pass information to owners; they do not claim this deduction themselves.

2 Qualified business income

Add allowed net QBI after attributable deductions and applicable loss limits. Use a minus sign for a qualified loss. Ordinary employee wages, capital gains, C-corporation income and REIT / PTP amounts do not belong in these business rows. If you only have REIT / PTP income, leave the business row empty.

The original page has five rows. Additional entries (up to 20 total) appear on an included statement, and their QBI is included once in Line 2. Aggregations leave the taxpayer-number column blank.

3 Taxable-income limitation

For individual filers, include nonnegative qualified dividends plus the applicable positive net capital gain under the instructions. If Schedule D is required, use the smaller positive amount from its Lines 15 and 16; if either is zero or less, add no net capital gain. Use the separate instructions for estate / trust returns.

Review & download

The deduction is limited by both the qualified components and taxable income less net capital gain / qualified dividends. Loss carryforwards remain separate from this year’s deduction. For individual returns, Line 15 transfers to Form 1040 / 1040-SR / 1040-NR Line 13a. Other returns use their applicable line.

Attach the form to your separately prepared tax return with required statements. This form has no separate signature line. IRS filing and tax payments are not included.

By clicking Continue to checkout, you confirm that you reviewed the complete original page and any additional-business statement.