Unfortunately, as a mental health professional, you are considered a “Specified Service Business”, which means that you are limited in your ability to apply the advantageous deduction. As a Specified Service Business, the 20% deduction begins to phase out at an income of $157,000, becoming completely inapplicable at $207,000 in annual income.
This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post.