Assertion: deduction | /r/HasProperty | limited
Facets:
value: further
type: MANNER
value: to wages allocable
type: TRANSITIVE-OBJECT
value: to the amount
type: OTHER
value: to the income
type: OTHER
value: for the taxable year
type: TEMPORAL
Source sentences:
text: The deduction is limited to the lesser of the QBI component plus the REIT/PTP component or 20 percent of the taxable income minus net capital gain.
text: Your deduction can also be limited if you've been claimed as a dependent on someone else's taxes.
text: The deduction is limited to the lesser of the QBI component plus the REIT/PTP component or 20 percent of the taxpayer's taxable income minus the net capital gain.
text: If the taxpayer's taxable income (before the QBI deduction) is above the threshold amount, the deduction may be limited based on whether the business is an SSTB, the W-2 wages paid by the business and the unadjusted basis immediately after acquisition of certain property used by the business.
text: If for example, in addition to ordinary income the owner is allocated a section 179 deduction, since the 179 deduction may be limited, the detail would be required in order for the owner to properly determine the current year QBI.
text: The deduction is further limited to 50 percent of the W-2 wages of the Specified Cooperative for the taxable year that are properly allocable.
text: Retirement plan at work: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels.
text: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels.
text: The deduction is limited to the lesser of the QBI component plus the REIT/PTP component or 20 percent of the taxable income minus net capital gain.
text: This deduction is limited to the sale of spirits in their original container.
text: In addition, the deduction is also limited to 20% of the taxpayer’s taxable income, so if all of the household’s income is QBI, then any deduction you take will reduce the size of the pass-through deduction.
text: Deductions for certain "preferences" are limited.
text: If a non-exempt employee works overtime, deductions are limited to the amount that could be deducted if the employee had only worked a 40-hour week.
text: The deduction is limited to the income produced by the above qualifying activities.
text: After the lesser of the DPGR or taxable income is multiplied by the applicable percentage (9% for 2010), the deduction is further limited to 50% of Form W-2 wages allocable to DPGR.
text: The deduction is then limited to the business-related percentage of the laptop's cost.