As a business owner in the U.S., reducing your tax burden legally and efficiently is always a priority. One powerful way to do that is by claiming the Qualified Business Income (QBI) Deduction using Form 8995, issued by the IRS.
If you’re unsure whether you qualify or how to file, that’s where EZ Corporates steps in. We provide complete business setup and tax compliance services, including QBI deduction filing — helping our clients save significantly on taxes.
Let’s break down how this form works and why working with EZ Corporates ensures you never miss an opportunity to lower your taxable income.
What Is Form 8995?
Form 8995 allows eligible business owners to claim a deduction of up to 20% of their qualified business income. It’s part of Section 199A of the U.S. tax code and was introduced to support small businesses, freelancers, and self-employed individuals by reducing their federal tax liability.
Unlike many tax breaks, the QBI deduction can be claimed without itemizing, which means even more simplicity — when done right.
At EZ Corporates, our team ensures that this form is properly completed, supported by accurate calculations, and submitted on time. We don’t just fill forms — we make sure your business gets every dollar it deserves.
Who Can Claim the QBI Deduction?
Not all business owners are eligible, but many are — and if you are, you don’t want to miss out.
You can benefit from Form 8995 if:
You own a pass-through business, like a Sole Proprietorship, Partnership, LLC, or S Corporation.
Your total taxable income is below $191,950 (single) or $383,900 (married filing jointly) for the 2024 tax year.
You are self-employed or receive income from a partnership or S-corp.
You do not fall into the high-income category requiring Form 8995-A.
At EZ Corporates, we evaluate your eligibility, walk you through requirements, and handle your filing end-to-end.
How This Deduction Helps Your Business
Claiming the QBI deduction through +:
Reduces your taxable business income by up to 20%
Helps you reinvest more into your operations
Applies across various industries and entity types
Doesn’t require itemizing deductions
For our clients, this means instant savings — and long-term advantages.
What If You’re Not Eligible?
Not every business qualifies. For example:
C Corporations are excluded from this deduction.
Some high-earning Specified Service Trade or Businesses (SSTBs) like law firms or medical practices may be restricted if they exceed income thresholds.
If you’re unsure where your business falls, our experts at EZ Corporates will review your structure and income level, helping you understand whether you qualify under Form 8995 or need to shift to the more complex Form 8995-A.
Why Choose EZ Corporates for Form 8995 Filing?
Filing tax forms correctly is not just about numbers — it’s about understanding your business and minimizing tax liabilities strategically. With Form 8995, even small errors or missed thresholds can cost you thousands.
That’s where our expertise makes all the difference:
Accurate QBI Calculations
We ensure your QBI is calculated based on IRS standards — excluding items like employee wages, capital gains, and foreign income.
Form Section Navigation
From Part I to IV, we fill every detail with care. Whether it’s listing businesses, applying income limits, or tracking carryforward losses — we manage it all.
Deadline Management
Form 8995 is due with your annual return — April 15 (or October 15 with an extension). We keep track so you don’t miss critical deadlines.
IRS-Ready Filing
We attach your completed Form 8995 directly to your Form 1040, ensuring everything is compliant and ready for smooth processing.
Real Example: How Our Clients Benefit
Take a recent client — a self-employed graphic designer earning $100,000 annually. With EZ Corporates handling the filing, she claimed a $20,000 QBI deduction, significantly reducing her federal tax liability.
No stress. No guesswork. Just expert filing and real savings.
Form 8995 vs. 8995-A – We Know the Difference
If your income is above IRS thresholds or you’re in a high-earning SSTB, Form 8995-A comes into play. It’s more complex and includes additional worksheets and phase-outs.
Our tax professionals at EZ Corporates handle both forms, depending on your eligibility, and help you make the smartest decision for your situation.
Final Thoughts
Tax season shouldn’t be a season of anxiety. At EZ Corporates, we make business tax compliance simple, accurate, and beneficial to you. With Form 8995 and the QBI deduction, you could be saving thousands — if it’s done right.
We’re not just tax filers. We’re strategic partners in your business journey — ensuring you get the deductions you deserve and remain fully compliant with U.S. tax laws.
info@ezcorporates.com
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Let EZ Corporates file your Form 8995 — and help your business save more this tax season.