If your taxable income (i.e. income after above- and below-the-line deductions including the standard deduction, but before this deduction) is less than the thr

If your taxable income (i.e. income after above- and below-the-line deductions including the standard deduction, but before this deduction) is less than the threshold amount ($315,000 for married filing jointly, half that for single) then the specified trade or business aspect doesn't apply. From the bill text: https://www.congress.gov/bill/115th-congress/house-bill/1/text/eas2 https://www.congress.gov/bill/115th-congress/house-bill/1/te...? “(3) EXCEPTION FOR SPECIFIED SERVICE BUSINESSES BASED ON TAXPAYER'S INCOME.— “(A) IN GENERAL.—If, for any taxable year, the taxable income of any taxpayer is less than the sum of the threshold amount plus $50,000 ($100,000 in the case of a joint return), then— “(i) any specified service trade or business of the taxpayer shall not fail to be treated as a qualified trade or business due to paragraph (1)(A)