The deduction is never less than $400 for an applicable taxpayer
What the document says“In the case of an applicable taxpayer for any taxable year, the deduction allowed under subsection (a) for the taxable year shall be equal to the greater of--”
The section rewrites subsection (i) of section 199A of the Internal Revenue Code of 1986 so that for an applicable taxpayer the deduction is the greater of the amount worked out without the subsection and $400, and inserts a cross reference to the new subsection into section 199A(a).
What the document actually says“In the case of an applicable taxpayer for any taxable year, the deduction allowed under subsection (a) for the taxable year shall be equal to the greater of--”
The deduction is the bigger of two figures. That holds for a taxpayer who qualifies. Those two figures follow below.
One is the deduction worked out the normal way. The other is a flat $400. Whichever is larger is allowed.
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