[Verse 1]
Pass-through business owners, listen to this news
Twenty percent deduction, here's the clues you'll use
Qualified business income, that's the golden key
But there are rules and limits, let me help you see
[Chorus]
One-nine-nine-A, twenty percent away
From your taxable income on your filing day
W-two wages, qualified property too
Thresholds and phase-ins, here's what you must do
QBI deduction, but watch the limitations
SSTBs have different calculations
[Verse 2]
Specified service businesses, that's the SSTB
Doctors, lawyers, consultants, they face scrutiny
If your income's too high, the deduction fades away
Phase-out starts at thresholds, income limits your pay
[Chorus]
One-nine-nine-A, twenty percent away
From your taxable income on your filing day
W-two wages, qualified property too
Thresholds and phase-ins, here's what you must do
QBI deduction, but watch the limitations
SSTBs have different calculations
[Bridge]
Three-twenty-nine-eight for joint filers start
One-sixty-four-nine for single, that's the part
Where phase-ins begin, fifty thousand more
Then the limits kick in, can't ignore the law
Aggregate your businesses, combine them as one
But remember twenty-twenty-five, the sunset will come
[Verse 3]
W-two wage limit, fifty percent rule
Qualified property, two-and-half percent tool
Whichever is greater, that's your ceiling cap
Unless you're below thresholds, then there's no gap
[Chorus]
One-nine-nine-A, twenty percent away
From your taxable income on your filing day
W-two wages, qualified property too
Thresholds and phase-ins, here's what you must do
QBI deduction, but watch the limitations
SSTBs have different calculations
[Outro]
Twenty-twenty-five sunset, unless they extend
Plan accordingly now, don't wait till the end
Section one-nine-nine-A, your pass-through friend
But know the rules well, or your savings will bend