Yes. Above a taxable income threshold the deduction is limited by W-2 wages paid and the value of qualified property, and certain service businesses phase out entirely.
The thresholds are indexed each year, so check the figure for your tax year rather than carrying one forward. Our Form 8995 guide explains the limits.
Inkle Tax prepares and files US federal and state returns for your company.
Full guide
Form 8995-A: What You Need to Know
