Individuals with taxable income higher than the limits above cannot claim the QBI deduction for QBI from a specified service trade or business. Aspecified service trade or business (SSTB)is a service-orientated business in the areas of law, accounting, consulting, investment, and management among...
1.Ableto betakenoffofone'stax liability.See:Deduction. 2. Ininsurance,theamountthatapolicyholdermustpayforaclaimbeforetheinsurance companywillmakeanypaymentsatall.Thatis,if aninsuredeventhappens,thepolicyholderisresponsibleforcoveringdamagesup to acertaindollaramount,atwhichpointtheinsurancecompanybeginscoverage...