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NFIB Launches New State-Specific Tools to Highlight Benefits of 20% Small Business Tax Deduction in Utah

NFIB Launches New State-Specific Tools to Highlight Benefits of 20% Small Business Tax Deduction in Utah

May 22, 2025

Interactive map and calculator

FOR IMMEDIATE RELEASE
Contact: Casey Hill, Utah State Director, casey@lincolnhill.com
Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org

SALT LAKE CITY, Utah, May 22, 2025—The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, has released two new digital tools to help small business owners, policymakers, and the public in Utah understand the significant economic impact of the 20% Small Business Tax Deduction and what’s at stake if Congress fails to make it permanent.

The new tools include an interactive map that allows users to explore how extending the Small Business Deduction would power job creation and GDP growth in every congressional district across Utah. NFIB also launched a tax calculator to provide small business owners in Utah with personalized estimates of how much more they could owe in federal income taxes in 2026 if the deduction expires.

View the interactive map here and the calculator here.

“These new tools give small business owners and elected leaders in Utah real data about the economic stakes,” said Casey Hill, state director for NFIB in Utah. “If Congress fails to act, millions of small businesses across the country—including right here in Utah—will face a massive tax hike. That means fewer jobs, less investment, and slower growth for our communities. We urge Congress to make the 20% Small Business Tax Deduction permanent.”

According to NFIB’s interactive map, if the deduction is extended, Utah could see an increase of 30,349 jobs and $1.7 billion in GDP over the next decade. The district-level data allow lawmakers and local leaders to understand exactly how small businesses in their communities stand to gain when the tax deduction is made permanent —or lose if it is not.

The tax calculator helps individual small business owners project their potential tax increase if the deduction is not extended. For example, a Utah small business owner with a personal income of $75,000 and qualified business income of $150,000 could see a tax increase of more than $13,000, depending on their full financial profile.

To explore the tools and learn more about how NFIB is working to protect Utah’s small businesses, visit: www.SmallBusinessDeduction.com

Keep up with the latest on Utah small-business news at www.nfib.com or on X @nfib_ut.

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For more than 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.

NFIB Utah
68 East 300 North
Salt Lake City, UT 94103
801-634-6564
www.nfib.com
X: @NFIB_UT

 

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