FOR IMMEDIATE RELEASE
Contact: Thor Stacey, Alaska State Director, thor@thorstaceyassociates.com
Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org

JUNEAU, Alaska, April 15, 2026—The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released a new report outlining the economic benefits and massive tax savings the 20% Small Business Tax Deduction will bring to the 77,814 small businesses in Alaska now that it has been made permanent. The report also details several other federal tax relief wins that were signed into law.

Additionally, Alaska is projected to gain 3,000 new jobs annually over the next 10 years if the deduction remains in place, including an annual GDP increase of $175 million for the first decade and $360 million per year beyond 2035.

View the report for Alaska here.

“This year’s Tax Day was made a little less onerous thanks to Congress making the Small Business Deduction permanent, instead of letting it expire at the end of 2025,” said Thor Stacey, state director for NFIB in Alaska. “It’s important to remind everyone that more than 80% of small businesses are organized as pass-through entities for federal tax purposes and report their business earnings and expenses on their personal income tax forms. So, it’s not an exaggeration to call making the deduction permanent a historic accomplishment. For many small businesses, it will allow them to hire more workers, give current ones a raise, buy new equipment, and, for others, a lifeline to keep their doors open.”

Since 2017, the Small Business Tax Deduction has allowed small businesses to deduct up to 20% of their business income. After being passed by Congress, President Trump signed legislation on July 4, 2025, making the Small Business Tax Deduction permanent. This permanent tax relief means America’s small businesses can use more of their hard-earned money to support their business and employees instead of sending it to Washington, D.C. It also provides certainty and levels the playing field for small businesses against their large corporate competitors.

Keep up with the latest Alaska small business news at www.nfib.com. Follow us on X at @NFIB_AK.

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For over 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 Alaska
Box 211231
907-723-1494
Juneau, AK 99821
www.nfib.com
X: @NFIB.AK