Form 8995 is a tax form used by individuals, estates, and trusts to calculate the Qualified Business Income (QBI) deduction, which was introduced as part of the Tax Cuts and Jobs Act (TCJA) of 2017.

The QBI deduction allows eligible taxpayers to deduct up to 20% of their qualified business income from a partnership, S corporation, or sole proprietorship, as well as 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.
IRS Form 8995 is used to calculate the QBI deduction for taxpayers who have qualified business income and are not engaged in certain specified service trades or businesses, such as law, accounting, healthcare, consulting, and financial services.

Taxpayers who are engaged in specified service trades or businesses use Form 8995-A to calculate their QBI deduction.