NFIB Radio, Digital Ads Urge Congress to Make Small Business Deduction Permanent

Date: May 07, 2024

Main Street businesses could see a big tax increase in 2025 unless Congress acts soon

The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, launched a radio and digital ad campaign today in Northern Virginia urging members of Congress to pass the Main Street Tax Certainty Act and make the 20% Small Business Deduction permanent.

“Our small business members in Northern Virginia and throughout the commonwealth are facing a massive increase in 2025 unless Congress makes the Small Business Deduction permanent,” NFIB State Director Julia Hammond said. “We’re encouraged that the bipartisan Main Street Tax Certainty Act has been introduced in both the House and Senate, and we hope Congresses passes it.”

The 20% Small Business Deduction (Section 199A) allows small businesses organized as pass-throughs (S corporations, LLCs, sole proprietorships, or partnerships) the ability to deduct up to 20% of qualified business income and is scheduled to expire in 2025. NFIB President Brad Close recently penned an op-ed in the Wall Street Journal where he discussed the importance of the 20% Small Business Deduction for Main Street businesses nationwide.

Related Content: Small Business News | Virginia

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy