Topics:
August 29, 2023 Last Edit: June 5, 2025
“If Congress takes no action, the 20% Small Business Deduction will expire in 2025, imposing a massive tax hike on a majority of America’s small businesses.”
LISTEN: NFIB President Brad Close Joins WBAP in Dallas, Discusses Campaign to Stop Major Tax Hike on Texas Small Businesses
“If Congress takes no action, the 20% Small Business Deduction will expire in 2025, imposing a massive tax hike on a majority of America’s small businesses,” said NFIB President Brad Close. “While Members of Congress are back in their states and districts in August, small business owners want them to understand the importance of making the 20% Small Business Deduction permanent.”CLICK HERE to listen to the full interview. Background: 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. The Small Business Deduction was created in the 2017 tax law to bring small businesses’ tax rates closer to that of their large, corporate competitors. In a recent NFIB member ballot, 91% of NFIB members said they supported permanently extending the expiring provisions of the 2017 tax law. According to NFIB’s 2021 tax survey, nearly half of small business owners (48%) reported the uncertainty of expiring tax provisions is impacting their current or future business plans. Learn more at www.SmallBizDeduction.com
State:
Get to know NFIB
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles
February 5, 2026
NFIB Urges Arizona State Lawmakers to Align State Tax Code with Department of Revenue’s Forms
With tax filing season underway, small business owners need certainty now
Read More
February 4, 2026
Illinois Year-over-Year Tax Collections Climb Further in January
Federal transfers are down for the year, partially offsetting record collections in Illinois
Read More
February 4, 2026
Texas Small Businesses Endorse Rep. Crenshaw for Re-Election to Congress
AUSTIN, Texas (Feb. 4, 2026) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, endorsed Rep.…
Read More
February 3, 2026
NFIB Comment Ahead of Governor Lamont’s State of the State Address
Connecticut’s small business owners need more than one-time rebates to thrive — they need long-term, structural tax reforms
Read More